💥 China has just uncovered one of the largest gold deposits in modern history—a massive 1,100 metric tons in Hunan’s Wangu gold field. What sets this find apart is its exceptional ore grade of 138g/ton, far exceeding typical global averages and marking it as a deposit of extraordinary quality.
The discovery, made possible through cutting-edge 3D geological mapping and deep-drilling techniques, could temporarily reduce China’s reliance on gold imports. However, with global demand continuing to soar, the supply-demand gap remains wide.
Markets have already responded to the news, with gold prices surging toward $2,700/oz, underscoring the deposit’s impact on both commodities and geopolitics.
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