China
International gold and silver prices both dropped on Tuesday.
On the New York Mercantile Exchange, gold futures for August delivery fell 1.76 percent to settle at 4,286.40 U.S. dollars per ounce, while silver futures for July delivery dropped 4.88 percent to close at 65.240 dollars per ounce.
Gold, silver futures drop on Tuesday
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 17 pips to 6.8130 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.
The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
Chinese yuan strengthens to 6.8130 against USD Wednesday
