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gold fund

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Financial Dictionary

gold fund

An investment company with all or a major part of its assets in gold or gold-related securities. A gold fund's price, which is closely related to the value of gold, frequently moves opposite the prices of other securities and stock market indexes.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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