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This is a very important story and shows how China and Russia are increasingly close and strong allies who are flexing their muscles and asserting themselves as rival superpowers to the U.S. 

The Chinese are very aware of the importance of symbolism and this appears to be a subtle show of allied force and underlines the strength of their deepening alliance with Russia.

The Waldorf-Astoria New York (Commons.wikimedia.org)


Xi Jinping & President Obama (Reuters)


[Excerpt]

Chinese President Xi Jinping leaves the White House, where he discussed the theft of commercial secrets, and heads to New York to check in tonight at the Waldorf Astoria, where his privacy is sure to be guaranteed by the hotel’s new Chinese owners.

On Sunday, Xi will be joined by Russia’s Vladimir Putin, who also picked the Waldorf for his first stay in Manhattan in a decade, according to diplomats preparing for the Eurasian leaders’ address to the annual seven-day session of the United Nations General Assembly.

Read more on the GoldCore.com blog

 

DAILY PRICES

Today’s Gold Prices: USD 1124.60, EUR 1001.16 and GBP 741.36 per ounce.
Yesterday’s Gold Prices: USD 1137.60, EUR 1016.26 and GBP 747.23 per ounce.
(LBMA AM)


Gold in USD – 1 Month

Gold ended with a loss of 1.29%, while silver slipped to as low as $14.51 and ended with a loss of 3.25% yesterday. Euro gold fell to about €1008 and platinum and palladium were also weaker.

 

IMPORTANT NEWS

Swiss Regulator Names Seven Banks in Precious Metals Probe – Bloomberg
Swiss probe 7 banks over precious metals trading – MarketWatch
Gold ends with its largest daily drop in nearly 3 weeks – MarketWatch
Stocks Fall After $800 Billion Equity Wipeout Boosts Yen, Bonds – Bloomberg
European Stocks Slide for Second Day to Inch Toward Bear Market – Bloomberg

IMPORTANT ANALYSIS

Bank of England floats cashless trial balloon – MoneyWeek
UBS Is About To Blow The Cover On A Massive Gold-Rigging Scandal – ZeroHedge
Bank of England investigated for rigging markets, covering up for banks – GATA
Putin: Do you realize what you have done? – CNBC
5 things that keep Carl Icahn up at night – CNBC

Read more News and Commentary from GoldCore.com

 

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