The Commerce Department is tapping former Morgan Stanley banker Michael Grimes to lead a planned sovereign wealth fund, part ...

Morgan Stanley was represented by attorneys Hanna Elizabeth Eickmeier and C. Bailey King Jr. of Bradley Arant Boult Cummings in Charlotte, who did not immediately return a request for comment.

Goldman Sachs raised its forecast to $3,100/oz from $2,890 on central bank buying and inflows into exchange-traded funds in a note Monday, while Morgan Stanley has a forecast of $2,700.