pent-up

But 43% say they expect to increase investment after it, a sign of possible pent-up optimism.

There is a lot of pent-up demand among Chinese consumers, and European luxury brands are still sought after.

The jump signals a lack of availability driven by market deficits and trade uncertainties, which have led to pent-up supply locked in certain geographies.

“Coming out of Covid, if you go back a couple years, procedure growth came out pretty hot, and there was a little bit of pent-up demand,” he said.

The big question, he added, is whether the market and traders have enough pent-up demand to push gold prices higher from here.