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Gold futures climb by more than $20 an ounce, buoyed by news that first-quarter U.S. productivity fell more sharply than originally estimated, as traders mulled the euro zone’s next move to stem the region’s crisis.
U.K. stocks end mostly higher, thanks largely to broad-based gains in banking and resources shares.
Gold Bullion investment is distorted and discouraged by the UK tax system. Why...?read more
(Updates throughout, with additional details on commodities rankings, Blackstone no comment.) Morgan Stanley MS has been approached by several private-equity firms interested in acquiring its commodities business, but has no interest in selling either ...