Blue Hat Interactive (NASDAQ: BHAT), through its wholly owned subsidiary, has signed a framework agreement with Macau Rongxin Precious Metals Technology Ltd. According to the announcement, the agreement outlines plans to purchase 1,000 kilograms of gold. The company noted that gold is a well-recognized, time-tested financial approach to hedge against inflation, geopolitical turmoil and macroeconomic uncertainty because the precious metal historically has reduced yield risk. The metal also helps steady revenue growth. “This represents a major step forward in the jewelry (gems, semiprecious stones, precious stones, jade, etc.) and bulk commodity gold business for the company,” said Blue Hat Interactive chief operating officer Weicheng Pan in the press release. “Going forward, gold will become a vital aspect of BHAT’s current commodity trade business.”
To view the full press release, visit https://ibn.fm/KEXn2
About Blue Hat Interactive Entertainment Technology
Blue Hat is developing a commodity trading with artificial intelligence analysis focus.
NOTE TO INVESTORS: The latest news and updates relating to BHAT are available in the company’s newsroom at http://ibn.fm/BHAT
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