In a recent report from UBS Commodities S&T, the bullish sentiment in the gold market is evident and expected to continue. With New York flooded with market participants from around the world, it’s clear that demand for gold is real and here to stay. In fact, the strategist’s weeklong schedule filled up in a matter of hours, with meetings going on until 17:00 on Friday, something that never happened before.

The consensus among market participants is that gold has not reached its highs yet, as proven on Monday when there wasn’t a single meeting where someone was willing to short this market. Instead, many are looking for a pullback opportunity for entry, with the majority eyeing $4000 as the next target.

While shallow and short-lived pullbacks may be frustrating during this climb higher, physical demand is being replaced by investor and retail demand, with the Wealth Management community actively exploring vaulting opportunities. Sellers or light profit-taking that were seen post-Fed have taken a step back, allowing this bull market to continue unabated.

Silver, too, is seeing favorable consensus, with it taking the lead even after its recent positive performance. The bullish sentiment in the gold and silver markets is clear, and it’s an opportunity that investors should not miss. Whether you’re a seasoned investor or just starting out, now is the time to consider adding these precious metals to your portfolio. With the global economy still uncertain and inflation on the rise, gold and silver are poised to continue their upward trajectory. Don’t miss out on this golden opportunity!