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Gold Prices Reach New Highs: Blue Hat's 1-Ton Gold Holdings Soar in Value
BHATBlue Hat(BHAT) GlobeNewswire News Room·2025-03-25 12:30

Industry Insights - The international gold market has shown significant strength, with COMEX gold futures prices surpassing 3,040perounceandLondonspotgoldpricesreaching3,040 per ounce and London spot gold prices reaching 3,030 per ounce, both setting new historical records [1] - Global central banks have purchased over 1,000 tons of gold for three consecutive years, indicating a strong demand for gold as a safe-haven asset [1] - Analysts from Macquarie Group predict an average gold price of 3,150perounceinQ32025,withGoldmanSachsforecastingayearendpriceof3,150 per ounce in Q3 2025, with Goldman Sachs forecasting a year-end price of 3,100 [2] Company Performance - Blue Hat's 1-ton gold holdings could appreciate to approximately 103millionifgoldpricesexceed103 million if gold prices exceed 3,200 per ounce, representing a gain of over $40 million from the initial investment [3] - The CEO of Blue Hat emphasized that gold has proven to be a strong value-preserving asset amid global economic uncertainties, contributing to the company's financial stability and future business expansion [3] - Blue Hat is transitioning from a provider of communication services and AR interactive entertainment to becoming a leading intelligent commodity trader, leveraging its technological expertise [4]