Brazil's Richest Man Sells Gold Stake for $2B

Billionaire Eike Batista, Brazil’s richest man, is selling a 49 percent stake in his AUX gold business to Qatar Investment Fund Plc for about $2 billion, according to a person with knowledge of the transaction.

Does the Rally in Gold Have More Room to Run?
00:17 - Wayne Gordon, executive director for commodities and FX at UBS Wealth Management, discusses the gold trade, his outlook for the U.S. dollar and where he thinks iron ore prices are heading. He speaks to Bloomberg's Haidi Lun on "Bloomberg Markets." (Source: Bloomberg)
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