BIG GOLD DISCOVERY SHOCK

China has reportedly uncovered Asia’s largest gold deposit beneath the sea near Laizhou, off the coast of Yantai. The discovery lifts Laizhou’s proven gold reserves to roughly 3,900 tons, around 26% of China’s total reserves. While authorities have not disclosed the full size or valuation of the offshore deposit, officials suggest it could significantly strengthen China’s position in global gold production. China is already the world’s largest gold miner, and this find further reinforces its economic resilience, resource security, and influence over gold markets, with potential implications for global supply dynamics and long term pricing.

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