A gigantic gold deposit was discovered in China $4GLD (-0,35 %) discovered, which is estimated to be worth about 80 billion euros is estimated. The deposit contains around 50 tons of gold, which is roughly equivalent to the country's annual requirements. China, the world's largest consumer of gold, plans to strategically exploit this resource to further strengthen its position in the global precious metals industry.

Further details can be found in the article on Stern.

The news is based on what I personally consider to be reputable sources. No investment advice. Follow me for more updates!