Gold price closes higher in Hong Kong

HONG KONG, Aug. 18 (Xinhua) -- The gold price in Hong Kong closed at 12,048 Hong Kong dollars (about 1,540.10 U.S. dollars) per tael on Friday, up 36 Hong Kong dollars from the previous trading day, according to the Chinese Gold and Silver Exchange Society. (1 U.S. dollar equals to 7.82 HK dollars)