Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
The Russian bonds were trading mixed on Friday after Central Bank of Russia (CBR) left the monetary policy rate unchanged at 11 pct. The benchmark 10-year bonds yield, which is inversely proportional to the price of bonds, fell 1.10 pct to 8.97 pct and 2-year bonds yield rose 0.32 pct to 9.4 pct by 1130 GMT.
Russia's central bank held interest rates steady at 11 percent, as expected. Also, signalled that if inflation kept on falling in the near future they would cut interest rate soon rather than later. The Central Bank of Russia in its monetary policy said that the Board of Directors sees the positive processes of inflation slowdown and inflation expectations decline, as well as shifts in the economy which anticipate the beginning of its recovery growth.
Moving forward, should inflation risks fall as much as to ensure with greater certainty that the Bank of Russia achieves its inflation target, the Bank of Russia will resume a gradual lowering of its key rate at one of its forthcoming Board meetings. The Bank of Russia predicts, consistent with the decision, the annual inflation to stand at about 5% in April 2017, to reach the 4% target in late 2017, they added further.
Moreover, the Brent crude oil, a global benchmark for Russia's main export, rose and touched to 6-month high due to weak dollar and decline in United Sates output. Mainly, a weaker USD normally adds to an ascent in oil costs, since oil is priced in USD. At the point when the dollar debilitates against different other currencies, oil gets to be less expensive to purchase, pushing up demand.
Meanwhile, the International benchmark Brent futures rose 0.59 pct to $48.06 and West Texas Intermediate (WTI) climbed 0.91 pct to $46.45 by 1130 GMT. The Micex Index of equities rose 0.14 pct or 400 points to 197,675 by 1130 GMT.
