China eyes gold production surge amid de-dollarisation drive, aiming to hedge global risks

China plans to significantly increase domestic gold production between 2026 and 2030 to enhance self-sufficiency and hedge against global financial risks. The China Gold Association is spearheading this initiative, focusing on technological upgrades in mining and smelting, including deep-shaft mining and advanced extraction equipment. The plan also involves expanding investment in high-end gold materials for manufacturing and technology sectors. This initiative aims to secure resource stability amid a global shift away from the US dollar and geopolitical tensions, while also improving gold recovery rates and promoting sustainable production through cyanide-tailings technology.

In February 2026, gold prices surged to record highs while the US dollar faced downward pressure, prompting concerns about global market confidence. Investors are seemingly reevaluating the strength of the US economy, traditionally considered a safe haven. This reassessment has negatively impacted the dollar and cooled stock markets. Gold's rise reflects its typical performance during times of uncertainty. The article also notes the global impact of fluctuations in the dollar's value and mentions India's trade deals with the US and EU, as well as the UN's risk of financial collapse.