On 31 October, China's Ministry of Natural Resources released results of a re-evaluation of strategic mineral resources, showing gold resources rose by an amount equivalent to 50 large mines, or at least about 1,000 tonnes using the 20-tonne threshold for a large gold mine. Most of the increase came from re-assessing low-grade, previously hard-to-mine resources at known deposits rather than from new discoveries. The survey began in 2024, mobilizing nearly 2,000 surveyors from more than 100 units across 27 provinces, autonomous regions and municipalities, covering 17 strategic minerals and more than 1,800 mines. Nickel resources rose by roughly 30 large mines, and rhenium resources more than doubled. A new assessment programme for 2026-2030 has also been launched.
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Original headline: Huy động 2.000 người, hàng xóm Việt Nam phát hiện thêm khoảng 1.000 tấn vàng
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XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/30/2026 | 3,875.51 |
| Change that session | -3.63% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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