World Gold Council or International Monetary Fund (IMF) reports

China Unearths $83 Billion Gold Deposit in Hunan, Potentially World's Largest

Nov 29, 2024, 02:28 PM

China has announced the discovery of what could be the world's largest gold deposit in Hunan province, with an estimated value of $83 billion. This significant find, reported by Chinese state media, contains approximately 1,000 metric tons of high-quality ore. The discovery comes at a time when gold prices are rallying due to global uncertainties, potentially impacting the global gold market.