Gold fell in Europe on Wednesday and platinum dropped below $1,100 an ounce for the first time since May 18 as the dollar firmed against the euro, making precious metals more expensive for holders of other currencies.

It’s a good day to be a Spencer. Retail giant Marks & Spencer reported £1 billion profits for the first time since 1998. And, Michael Spencer should surge a few places up the Sunday Times Rich List as his inter-dealer broker ICAP reported massive profits this morning.