List of Flash News about GC futures
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2025-10-18 18:00 |
China ‘Largest Gold Deposit’ Claim vs BTC Scarcity: 5 Trading Checks for BTC, XAU and GC Futures Now
According to the source, a social post claims Chinese geologists discovered the world’s largest gold deposit; traders should treat this as unverified until confirmed by official channels such as the Ministry of Natural Resources of China or the China Geological Survey (Ministry of Natural Resources of China; China Geological Survey). BTC’s maximum supply is fixed at 21 million, underpinning its digital scarcity narrative and differentiating it from commodities with elastic supply (Bitcoin.org; Bitcoin Core documentation). In contrast, gold supply can expand via new discoveries and production, impacting price through expected supply changes and cost curves (U.S. Geological Survey). For trading, monitor gold futures GC and spot XAU for immediate price reaction, BTCUSD and BTC dominance for rotation flows, and watch for any official confirmations or denials that could shift risk sentiment between gold and BTC (CME Group; LBMA; Shanghai Gold Exchange; Ministry of Natural Resources of China). |