Gold Hitting New All Times Highs in 2025!
Gold has been hitting new all-time highs in early 2025 due to several key factors. Central banks worldwide are aggressively buying gold, reducing reliance on the US dollar amid geopolitical tensions. The US Federal Reserve’s shift towards cutting interest rates makes gold more attractive compared to yield-bearing assets. Inflation concerns continue to drive investors to gold as a hedge.
-Additionally, global economic uncertainty and potential US policy changes under President Trump, including tariffs and spending, add to the bullish sentiment. These elements combined suggest a strong demand for gold, pushing prices to historic levels as forecasted by various analysts.
Here are the top five countries for yearly gold production based on the most recent data available:
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China – Approximately 370 metric tons.
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Russia – Around 310 metric tons.
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Australia – Also around 310 metric tons.
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Canada – Approximately 200 metric tons.
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United States – Around 170 metric tons.
This ranking reflects production data from 2023, as sourced from various reports on gold production by country.
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Newest and Largest Gold Discovery
The most recent large gold discovery in the world was reported in China, in the Wangu gold field located in Pingjiang County, Hunan Province. This discovery was announced in late 2024 and is estimated to contain over 1,000 tonnes of gold, potentially making it the largest known gold deposit in the world. The value of this deposit is estimated to be around $83 billion, or approximately 600 billion yuan.
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