Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
The Australian bonds prices edged down, sending yields higher on Wednesday as investors cooled on safe-haven assets amid gains in riskier assets including stocks and oil after reading strong Chinese trade data. The yield on the benchmark 10-year Treasury note which moves inversely to its price, moved higher 2.63 pct to 2.534 pct and the yield on the 3-year Treasury bond ticked up 2.44 pct to 1.932 pct by 0550 GMT.
China’s exports jumped the most in 18-months and declines in imports narrowed, adding to evidence of stabilization in the world’s second-biggest economy, stocks rallied thereafter. The Chinese exports denominated in US dollars rebounded 11.5 pct y/y in March, while imports shrank 7.6 pct on the same basis. Both readings were solid recoveries from February and surpassed economists’ consensus expectations, spurring hopes that China’s economy was turning a corner. Trade growth in renminbi terms also beat expectations.
Boosted by the Chinese data, the Australia’s S&P/ASX 200 was 1.3 pct higher, led by the energy sector, which rallied 3.1 pct after an overnight rise in oil prices. Materials were the next-best sector, up 2.9 pct thanks to a bounce in metals prices.
Also, the Australian bonds have been closely following developments in oil markets because of their impact on inflation expectations. The Brent crude oil, a global benchmark, was lifted on hopes that key oil producers could agree on a production freeze this Sunday. The International Brent futures rose 0.34 pct at $ 44.39 and West Texas Intermediate (WTI) jumped to $ 41.78, from yesterday’s prices of $40.62.
“Global bonds fell despite the IMF again downgrading its global growth forecasts, yields rose in rates markets overnight with the Australian market underperforming”, said ANZ economists in its report.
"We expect the pressure to higher yields to remain this morning", they added
Meanwhile, the investors will primarily focus on the upcoming unemployment figure on Thursday.
