United Kingdom PMI Construction meets forecasts (58.8) in October

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Nov 3, 2015

Gold rejected at 100-MA as USD strengthens

Gold prices trimmed gains after facing rejection at USD 1138.21/Oz (100-DMA) as the USD advanced across the board in Europe.

The bearish pressure on EUR/GBP cross remained intact after the UK construction PMI for October matched estimate of 58.8.