Citi's Aakash Doshi on high precious metal prices and 'inelastic buyers'

- Central bank buyers could be less sensitive to higher gold prices, said Aakash Doshi, NAM Head of Commodities Research at Citi.Gold prices jump higher after U.S. economy created 175K jobs in April, missing expectations

-The gold market has found a jolt of bullish energy as the U.S. labor market lost significant momentum, creating fewer jobs than expected in April. – Gold is at an inflection point post-Fed with prices pulling back on improved market sentiment and lower safe-haven demand, according to Joaquin Monfort, European Editor at FXStreet.

It was a day of recovery for financial markets as cryptos and stocks rebounded from yesterday’s Fed-inspired pullback, with Bitcoin climbing back above $59,000.Copper prices slide from two-year highs but uptrend remains as demand outstrips supply - The copper market is seeing some renewed volatility, but analysts note that a perfect storm continues to churn, as growing demand and dwindling supplies could push prices to record highs later this year.At the start of the week, July high-grade copper futures rallied to $4.6945 per pound. However, near-term momentum has shifted as prices have dropped to initial support at $4.50 an ounce and are down nearly 4% from their recent two-year highs.

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