China Finds World's Largest Gold Deposit in Hunan, Valued at $83 Billion

Nov 29, 2024, 11:44 AM

China has announced the discovery of what could be the world's largest gold deposit in Hunan province. The deposit, estimated at around 1,000 metric tons of high-quality ore, is valued at approximately $83 billion. This significant find, reported by Chinese state media, comes at a time when gold prices are rallying due to global uncertainties. The discovery has been described as a 'superlarge' gold deposit, potentially impacting the global gold market and highlighting the rarity of such large gold reserves.