While investors remain happy-go-lucky, fundamental data for gold and silver is now worse than in 2021.

Plant is designed to accelerate its decarbonization program, in line majority owner Barrick Gold's Greenhouse Gas Reduction Roadmap.

Screenshots of the bogus press release about a deal had been shared earlier on Twitter.

“We are currently producing commercial-scale quantities of a rare earth material that is more advanced than any other company in the US,” says CEO.

Supporting this gold rally is the latest US inflation data, which showed monthly consumer prices are still surging.

After NGM, the company is the largest holder of gold resources in central Nevada.

Copper futures on the Comex have been trading at a premium to those on the London Metal Exchange in recent weeks.

"The report provides some optimism that inflation could be peaking here," OANDA analyst says.