Blue Gold closes $15M facility to launch gold trading activity

Blue Gold (BGL) expanded its partnership with DL Hudson Dunes to include a $15M gold trading facility to enable it to undertake proprietary gold trades. The gold trading facility is targeted at acquiring gold from mines and licensed aggregators globally, leveraging Blue Gold’s existing network of relationships in the sector. Blue Gold is targeting 2-3 trades per month with a projected profit margin of between 1% and 5% per trade. In addition, to providing the trading facility, DL Hudson Dunes will act as a partner to Blue Gold on each trade, enabling Blue Gold to leverage the legal, compliance and commercial experience of the trading group.