Here is another bullish news for the Gold market. Today, Reuters reported that China's first Gold Fund, which was launched just last month, successfully raised $500 million target goal for the fund.
It plans to invest in gold-backed Exchange Traded Funds (ETF) on the global market.
Reuters "Inflation worries and limited investment options have fueled demand for gold from the Chinese investors, especially as precious metals staged a stellar record-breaking rally in 2010"
