Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
The United Kingdom gilts were trading modestly firmer on Wednesday after reading weak Q1 Gross Domestic product (GDP) figure amid rising worries among investors about the up-coming June referendum. Also, investors focus on Federal Reserve’s monetary policy meeting and Federal Reserve Chair Janet Yellen’s speech in an attempt to estimate the Fed's likely next step to raise interest rate. The yield on the benchmark 10-year bonds, which moves inversely to its price, moved lower 1.26 pct to 1.641 pct and the yield on the 3-year bonds dipped 5.48 pct to 0.536 pct by 1100 GMT.
The United Kingdom 2016 first quarter GDP growth eases to 0.4 pct q/q, from 0.6 pct q/q in the last quarter in 2015. This keeps the annual rate at 2.1% y/y. Moreover, April retail sales balance tumbled to -13, against market expectation of +12 (lowest since January 2012), from 7 in March.
The OECD in its recent report said that leaving European Union will be big mistake for United Kingdom. Said U.K GDP would be 3 pct lower by 2020 and 5 pct by 2030 on Brexit. U.K voting to leave would also impact on other economies and European Union GDP to lose 1 pct by 2020 if UK leaves.
Today, the U.S. Federal Reserve will announce its policy decision at 1800 GMT; markets largely expect that interest rates will be kept steady with a slim possibility of a surprise hike. Moreover, focus will be on the press statement and whether there is a shift across the Fed members to a more hawkish stance. Even subtle changes in the wording of its statement will tell us a lot about the probability of a June hike. Recent comments have been far more hawkish than the market is currently pricing in on rates.
Meanwhile, The FTSE 100 fell 0.33 pct or 20.52 points to 6,264 by 1100 GMT.
