United Kingdom S&P Global Construction PMI registered at 43.6, below expectations (46.1) in October

ING strategists Warren Patterson and Ewa Manthey note that Gold has jumped back above $4,000/oz after the Democratic sweep in the US midterms, helped by lower Treasury yields, a weaker Dollar and strong central bank buying. They caution that near-term prospects remain challenging as inflation keeps monetary policy expectations tight and Middle East developments stay crucial.