Gold steady performance during the Asian session

Gold prices dipped at the opening of the markets in Australia and New Zealand on Tuesday, as investors look ahead to the minutes of meetings in July, the Federal Reserve later this week and keep an eye on the exchange rate in China.

Gold for December delivery slumped 0.18% to $ 1,116.40 an ounce.

Silver for September delivery slipped 0.15 percent to $ 15.275 an ounce.

Copper for September delivery fell 0.09 percent to 2.319 per pound.

Gold futures rose significantly, despite the stronger dollar as the People's Bank of China has renewed its efforts to stabilize its currency nearly a week after she fell to the lowest level in more than three years.

China is the largest producer in the world and the second largest consumer of gold after India and thus deepen the crisis in the heavenlies empire can return the precious metal in a downtrend. Metal traders are also awaiting release of the FOMC minutes from its meeting in July, due to which gold could remain moving in a narrow range until the end of the week. Feedback steady performance of gold and erasing part of the losses after otvaryaento markets in Japan reaching levels of $ 1118.23 per troy ounce