XIAMEN, China, Oct. 27, 2023 /PRNewswire/ -- Blue Hat Interactive Entertainment Technology Ltd. (Nasdaq: BHAT), a Nasdaq listed company, has recently made a significant move in the jewelry and gold business. On October 26th, 2023, one of its wholly owned subsidiaries signed a framework agreement with Macau Rongxin Precious Metals Technology Ltd. The agreement entails the purchase of 1000 kilograms of gold.
Mr. Weicheng Pan, the Chief Operating Officer (COO) at BHAT, expressed his excitement about this development. He stated that this deal is a major step forward for the company in the jewelry and bulk commodity gold sector. He further emphasized the benefits of gold as a financial tool, highlighting its ability to hedge against inflation, geopolitical turmoil, and macroeconomic uncertainty. Gold is known to reduce yield risk and contribute to steady revenue growth. Mr. Pan also mentioned that gold will play a vital role in BHAT's current commodity trade business going forward.
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