GOLD

INDIA IBJA GOLD 999 INR 135,809/10G (PM) | SILVER 999 INR 178,000/KG

UK: Unidentified drones spotted over US Lakenheath air base, personnel told to take cover - TASS

BELGOROD REGION: One killed, one injured in UAV strike on private house, regional ops HQ says - TASS

YEMEN: Says it targeted Saudi enemy forces gatherings in Al-Tawal, Jizan with two ballistic missiles - Fars

GOLD: Falls below $4,000 as rising yields redefine the macro trade

GOLD: Spot rises 0.1% to $3879.71/oz, set for weekly loss after Thursday selloff - Asharq Bloomberg

IRAN: Two tankers explode and catch fire south of the Strait of Hormuz - Fars

YEMENI ARMED FORCES: Drone attacks hit King Khalid International Airport and Riyadh oil facilities - Tasnim

GOLD: $4,000 support breaks as Fed fears grow; analysts eye $3,800

YEMEN: STC and affiliates recapture Subayhah and push east to reclaim Shatin

US MILITARY: Personnel at RAF Lakenheath responded to suspected unauthorised drone activity on Friday evening

YEMEN: Says it targeted two Saudi military units with ballistic missiles in Lahj and Al-Jawf - Fars

GS: Gold jumps after cooler-than-forecast U.S. PPI

GS: Gold’s sell-off is pricing turbulence, not calm bears

GS: Gold is pricing Treasury funding, not just CPI

IRANIAN NAVY: Two oil tankers explode and catch fire after hitting naval mine south of Strait of Hormuz - Tasnim

YEMENI ARMED FORCES: Target Saudi Arabia's weapons depots in Ras Abbas camp in Aden with ballistic missiles and drones - Press TV

GoldSquawk Special Report: Iran sanctions shift pressure from sea lanes to land and Caspian routes

US AIR FORCE: Confirms unauthorized drone activity at RAF Lakenheath, no personnel, aircraft or infrastructure affected

IRAN: Two tankers explode and catch fire south of Strait of Hormuz after hitting sea mine - Fars

GoldSquawk Special Report: Positioning unwinds as gold tests major lows

YEMEN: Says strikes targeted Saudi weapons depots in Aden, Saudi mercenaries in Lahij and eastern Al-Jawf - Tasnim

UKRAINE: Emergency power cuts begin in Dnipropetrovsk region after energy facilities damaged - TASS

UK: FPCON DELTA raised at at least one or more bases surrounding RAF Lakenheath

FINLAND: New entry restrictions on Russians, including professional athletes, take effect Nov. 16 - TASS

YEMEN: Says it destroyed Saudi weapons depots in Aden province with several ballistic missiles and drones - Fars

UK: Armed drone reported over RAF Lakenheath, base on long duration lockdown

UK: Emergency alarms triggered at multiple air bases amid drone threat, quarantine imposed - Tasnim

ATLANTA FED MARKET PROBABILITY TRACKER (NOV 12): CHANCE SOFR AVERAGES ABOVE / BELOW THE CURRENT 3.75-4.00% FED RANGE: DEC-MAR WINDOW 98% ABOVE / 1% BELOW, IMPLIED AVERAGE 4.31%; MAR-JUN WINDOW 93% ABOVE / 4% BELOW, IMPLIED AVERAGE 4.61%

UK: RAF Lakenheath placed on lockdown

COMEX GOLD FUTURES SETTLE NEAR $3,886.20/OZ, DOWN $0.10 (-0.00%)

MARKET REACTION TO US PPI: GOLD +$21.37 (+0.55%), DXY -0.07%, US10Y -2.6BP IN 5 MIN

PPI for final demand increases 0.3% in October; goods advance 0.5%, services rise 0.2%

RBI FX RESERVES $719.55BN (+$2.49BN W/W), GOLD $104.80BN (+$2.21BN W/W) | WEEK TO NOV 6

SHFE GOLD WAREHOUSE STOCKS 118,404 KG (UNCHANGED W/W) | SILVER 1,336,580 KG (-36,061 KG W/W), WEEK TO NOV 13

SGE SHANGHAI GOLD BENCHMARK (PM) CNY 838.02/G = $3,907.02/OZ | CHINA PREMIUM +$8.72/OZ VS LONDON SPOT

GS: Gold’s break was macro, not a fresh crowd wipeout

GoldSquawk Special Report: Physical demand is becoming more geographically fragmented

SPDR GLD HOLDINGS 1,040.70T (-0.38T D/D) AS OF NOV 12

SPDR GLDM HOLDINGS 238.34T (+0.29T D/D) AS OF NOV 12