SHANGHAI: The Hang Seng Gold ETF surged more than 9% on its trading debut in Hong Kong on ‍Thursday as spot ‍gold rallied to a record just below $5,600 an ounce, with ​investors seeking safety amid geopolitical and economic uncertainties. The Hang Seng Gold Exchange Traded Fund is ⁠managed by Hang Seng Investment Management and closely tracks the morning fixing price of gold per troy ⁠ounce announced ‌by the LBMA, the international gold trade association based in London. "Key events to watch are whether Western central banks sell U.S. Treasuries ‍and buy gold; if they do, gold could climb above $10,000." Onshore China, the E-Fund Gold ETF jumped more than 5%. E-Fund's Gold Miner Select Index ETF is set to debut on the Hong Kong Stock Exchange on Friday.