Daly: You can slow the economy while still maintaining solid growth.

New York COMEX gold futures fell 2.00% intraday to $3,920.30/oz.

Riyadh, Nov 12 — China’s Middle East special envoy Zhai Jun met Saudi foreign minister Faisal to discuss bilateral ties and the current Middle East security situation. Zhai said the China–Saudi comprehensive strategic partnership has advanced rapidly under top-level strategic guidance. He warned that rising tensions in Yemen and the Red Sea are harming regional security and development, urged parties to avoid actions that would further escalate tensions, and said China opposes escalation and supports resolving disputes through dialogue and negotiation. Zhai said China will continue to pursue Xi Jinping’s initiatives aimed at Middle East peace, press for mediation and ceasefire efforts, and work to restore peace and stability in the Gulf.