Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
The German bunds traded modestly firmer Wednesday as investors remained cautious ahead of the OPEC ministerial decision, in which oil producing countries are expected to strike an agreement on output cut.
The yield on the benchmark 10-year bond, which moves inversely to its price, fell 1 basis points to 0.20 percent, the yield on long-term 30-year note dipped 1 basis point to 0.87 percent and the yield on short-term 3-year bond slid 1/2 basis point to -0.70 percent by 09:20 GMT.
The German bunds as follows developments in oil markets because of their impact on inflation expectations. Crude oil prices rallied ahead of OPEC ministerial gathering in Vienna today. The International benchmark Brent futures rose 5.62 percent to $50 and West Texas Intermediate (WTI) jumped 3.80 percent to $46.95 by 09:20 GMT.
The Organization of the Petroleum Exporting Countries (OPEC) is meeting officially in Vienna later in the day to discuss a planned production cut in an effort to curb overproduction that has dogged markets and more than halved prices since 2014.
There remains disagreement among OPEC-members over which producers should cut by how much, and a plan for non-OPEC oil giant Russia to participate has so far also failed.
Moreover, Germany’s economic growth slowed in the third quarter of 2016 in the wake of weaker exports and minimal investment. The third quarter gross domestic product (GDP) growth remained unchanged at 1.5 percent y/y, lower than the market expectations of 1.7 percent y/y increase, from prior 1.5 percent. On a quarterly basis, it also stood flat at 0.2 percent q/q.
Also, German exports fell 0.4 percent q/q, from previous up 1.2 percent as Donald Trump presidency threatened to dent Germany's trade prospects.
ECB President Draghi, speaking to the European Parliament, said that monetary support is needed to hit the European Central Bank's inflation target, even as monetary policy needs 'decisive' support from other actors.
Meanwhile, the German stock index DAX Index traded 0.42 percent higher at 10,665 by 09:20 GMT. While at 09:00 GMT, the FxWirePro's Hourly Euro Strength Index remained highly bullish at +158.97 (higher than +75 represents bullish trend).
