Gold Prices Reach New Highs: Blue Hat's 1-Ton Gold Holdings Soar in Value
25 März 2025 - 1:30PM
In March 2025, the international gold market has continued to
strengthen. On March 18, the COMEX gold futures price broke through
$3,040 per ounce, while the London spot gold price also climbed to
$3,030 per ounce, both setting new historical records. According to
the World Gold Council's recently released "Global Gold Demand
Trends Report" for the full year of 2024, global central banks have
purchased more than 1,000 tons of gold for three consecutive years.
Based on the official reserve asset data published by the People's
Bank of China and the State Administration of Foreign Exchange in
January, China's central bank's gold reserves have also grown for
three consecutive quarters, reaching 73.45 million ounces,
highlighting the demand for safe-haven assets.
Macquarie Group analysts predict that the
average gold price in the third quarter of 2025 may reach $3,150
per ounce, with a single point possibly touching $3,500; Goldman
Sachs expects the year-end gold price to reach $3,100. CITIC
Futures also pointed out that the Federal Reserve may cut interest
rates by 75 basis points this year, combined with the risk of a
squeeze in the London gold market, leading to a significant premium
on gold.
If the gold price breaks through $3,200 per
ounce as predicted by these institutions, the value of Blue Hat's
1-ton gold holdings will further increase to approximately $103
million, marking an appreciation of more than $40 million compared
to the initial investment. This significant gain not only
strengthens the company's financial statements but also provides
ample financial support for future business expansion. Blue Hat's
CEO, Chen Xiaodong, stated: "Gold, as a safe-haven asset, has
demonstrated strong value preservation and appreciation amid the
increasing uncertainties in the global economy. The 1-ton gold
assets we hold have not only brought considerable book profits to
the company but also laid a solid foundation for our strategic
layout in the precious metals field."
About Blue Hat
Blue Hat was formerly a provider of
communication services, as well as a producer, developer, and
operator of AR interactive entertainment games, toys, and
educational materials in China. Leveraging years of technological
accumulation and unique patented technology, Blue Hat is expanding
its business to commodity trading, aiming to become a leading
intelligent commodity trader worldwide. For more information,
please visit the Company’s investor relations website at
http://ir.bluehatgroup.com. The Company routinely provides
important information on its website.
Forward-Looking Statements
This release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended and Section 21E of the Securities Exchange Act of 1934, as
amended. All forward-looking statements are inherently uncertain as
they are based on current expectations and assumptions concerning
future events or future performance of the Company. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which are only predictions and speak only as of the
date hereof. In evaluating such statements, prospective investors
should review carefully various risks and uncertainties identified
in this release and matters set in the Company’s SEC filings. These
risks and uncertainties could cause the Company’s actual results to
differ materially from those indicated in the forward-looking
statements.
Contacts:
Blue Hat Interactive Entertainment
Technology
Phone: +86 (592) 228-0010
Email: ir@bluehatgroup.net
Blue Hat Interactive Ent... (NASDAQ:BHAT)
Historical Stock Chart
Von Mär 2025 bis Apr 2025
Blue Hat Interactive Ent... (NASDAQ:BHAT)
Historical Stock Chart
Von Apr 2024 bis Apr 2025