Gold may see ‘decent recovery’ to $1,400

Gold futures wavered around the break-even mark Monday, largely holding on to Friday’s gains that were sparked by central-bank news from China and Europe. Despite gold’s lackluster moves over the past several months, at least one analyst speculated that the yellow precious metal may recover to $1,400 an ounce by 2016.

December gold futures GCZ4, +0.03%   were last up 20 cents, or less than 0.1%, to $1,197.90 an ounce, while December silver SIZ4, +0.64%   edged up a penny, also less than 0.1%, to $16.41 an ounce.