Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
The Australian government bonds slumped Friday as the Reserve Bank of Australia kept its economic growth and inflation forecasts virtually unchanged in its November Monetary Policy Statement (SoMP), signalling no near-term rate cut.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, rose 4 basis points to 2.346 percent, the yield on 15-year note also climbed 4 basis points to 2.717 percent and the yield on short-term 2-year bounced 2 basis points to 1.656 percent by 04:40 GMT.
The central bank in its November Monetary Policy Statement (SoMP) mentioned that it expects GDP growth to be around 2.5 to 3.5 percent by the end of next year and around 3 to 4 percent by the end of 2018, this is unchanged from the August forecast.
Additionally, inflation is also expected to stay steady in the near term, likely to rise gradually to 2 percent by the end of 2018. The underlying inflation is forecasted to climb 1.5 percent by end 2016 and to reach around 1.5 to 2.5 percent by end of 2018.
Moreover, the Reserve Bank of Australia maintained its key benchmark rate at a record low of 1.50 percent in its November 1 monetary policy meeting, judging that unchanged policy is consistent with growth and inflation targets.
The RBA Governor Philip Lowe in its monetary policy decision said that the global economy is continuing to grow, at a lower than average pace. Labour market conditions in the advanced economies have improved over the past year, but growth in global industrial production and trade remains subdued.
Further, he said that commodity prices have risen over recent months, following the very substantial declines over the past few years. The higher commodity prices have supported a rise in Australia's terms of trade, although they remain much lower than they have been in recent years.
Meanwhile, the benchmark Australia's S&P/ASX 200 index traded 0.15 percent lower at 5,158.5 by 04:40 GMT.
