A gold deposit worth $5.2 billion was reportedly found in China’s Inner Mongolia region, according to the Xinhua news agency.
The deposit, with 100 tonnes of proven reserves, is the largest gold deposit in the region.
A check of the yellow metal: Gold is trading higher today, while the SPDR Gold Shares (AMEX:GLD) trades is down .05% in premarket. The iShares Gold Trust (AMEX:IAU) is trading up 0.15%, and the DB Gold Fund (AMEX:DGL) trades up 0.23% Wednesday.
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