Submitted by Mark O’Byrne – GoldCore
This is a very important story that shows how China and Russia are becoming 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)
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 the full story on Bloomberg
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.
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.