China
International gold and silver prices both dropped on Wednesday.
On the New York Mercantile Exchange, gold futures for August delivery fell 3.57 percent to settle at 4,133.30 U.S. dollars per ounce, while silver futures for July delivery dropped 0.77 percent to close at 64.740 dollars per ounce.
Gold, silver futures drop on Wednesday
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 20 pips to 6.815 against the U.S. dollar Thursday, 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 weakens to 6.815 against USD Thursday
