China’s Massive Gold Discoveries Accelerate BRICS De-Dollarization Strategy

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2026-04-26 14:59:01

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China's central bank has expanded its gold reserves for 17 consecutive months, underscoring a strategic shift away from dollar dependence. The discovery of the Wangu gold field in Hunan Province—now confirmed as the world's largest deposit—adds 300 tons of immediately accessible reserves, with projections suggesting over 1,100 tons at deeper levels. Ore grades here average 138 grams per metric ton, quintupling global benchmarks.

A second record-breaking find at Dadonggou in Liaoning Province yielded 1,444 tons in 2025, collectively positioning China to control over 2,500 tons of newly tapped domestic supply. These developments coincide with accelerating gold accumulation across BRICS nations, reshaping global wealth storage paradigms as the bloc advances its de-dollarization agenda.

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