Gold continues to be bullish in the near term, with the dollar index in a downtrend.

The Governor of Arizona last year announced a $1.2 billion, three-year investment in improving water infrastructure.

Demand for battery metals for EVs far exceeds global mining capacity.

Gold producer financial metrics remain strong for respective ratings partially driven by a period of high gold prices beginning in 2020, Fitch says.

The delay comes as negotiations to agree on global steel accords and a critical minerals deal have both stalled.

Investors include California State Teachers’ Retirement System and Legal & General Investment Management.

"If there's anything about a pause on rate hikes, you could see gold steadily above $2,000," said analyst.

The company said it is planning to construct a lithium refining facility located in Greater Tulsa, Oklahoma.