Int'l gold prices hit new high

The June gold futures price on the New York Mercantile Exchange surged by 3.27 percent on Wednesday from the previous trading day, once again setting a new historical closing high.

As of the market close, the gold futures rose to 3,346.4 U.S. dollars per troy ounce.

According to some analysts, investors sought shelter by buying gold as a safe-haven asset following a speech made by U.S. Federal Reserve Chairman Jerome Powell earlier on Wednesday.

Powell warned that the administration's tariff hikes are likely to cause a short-term rise in inflation, while supply chain disruptions could lead to more persistent pressure.

Int'l gold prices hit new high

Int'l gold prices hit new high

Int'l gold prices hit new high

Int'l gold prices hit new high

Hong Kong's stock market rallied on Friday with the benchmark Hang Seng Index up 0.75 percent to close at 25,690.53 points.

The Hang Seng China Enterprises Index climbed 0.68 percent to end at 8,901.23 points, and the Hang Seng Tech Index increased 1.12 percent to end at 5,479.04 points.

Hong Kong stocks close higher Friday