China
International gold and silver prices both dropped on Tuesday.
On the New York Mercantile Exchange, gold futures for August delivery fell 0.24 percent to settle at 4,157.40 U.S. dollars per ounce, while silver futures for September delivery dropped 1.60 percent to close at 61.330 dollars per ounce.
Gold, silver futures drop on Tuesday
Gold, silver futures drop on Tuesday
Gold, silver futures drop on Tuesday
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 23 pips to 6.8077 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 weakens to 6.8077 against USD Wednesday
