BUSINESSBLOOMBERG
Laopu Gold Growth Slows as Bullion Slide Hits Luxury Demand
Laopu Gold Co. reported slower revenue and profit growth for the first half of the year. The slowdown occurred because falling bullion prices negatively affected Chinese consumers’ appetite for the company's jewelry, causing it to miss analyst estimates.
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- Laopu Gold’s Searing Rally Cools as Sales Slip, Bullion Falls
- China Gold Output Falls as Investor Demand for Bars, Coins Jumps
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