People are convinced Fiscal = start of inflation.
Long term its likely the more left govts get but short/mid term less so + bond market agrees.

The "contrarian" view is gold consolidates for longer (2016-2019 memories) then people expect but in this higher range

It may not be as long as 2016-2019 as things happening in double speed, however govts still not giving that signal that they'll go all guns blazing once economy has re-opened fully. Still a sense of reluctance doing fiscal. This is an ongoing review point not a conclusion.

Considering the timeline aspect is not important for royalty/streamers, however gold still being $1750 2 years from now isn't exactly a good thing for many producing companies.