Mixed 1H results as gold prices hit record high

Consumers look at gold jewelry at a store in Xuzhou, Jiangsu province, in August. - CHINA DAILY

Gold surged to a fresh record this week, with prices briefly hitting $3,500 an ounce in Asian trade on Tuesday, as industry players reported mixed interim results.

Combined revenue at six listed firms fell 5 percent to 88.66 billion yuan ($12.41 billion) in the first half, but aggregate net profit jumped 37 percent to 5.23 billion yuan, largely on the back of outsized gains at Laopu Gold.