Lingbao's Glitter Fades As Gold Prices Retreat From Record Highs
The gold producer’s profit boomed in the first half of this year on record gold prices, but it faces an uncertain future with the precious metal’s recent pullback image credit: Bamboo Works Key
Lingbao made lots of money when gold prices hit all-time highs, but now that gold prices are dropping, the company's profits might shrink. When you check on gold companies, remember that their earnings go up and down with gold's price, so watch what happens to that metal.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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