HONG KONG, March 25, 2025 (GLOBE NEWSWIRE) -- 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
