Gold fund: a derivative of gold investment, which is the abbreviation of gold investment fund. Gold investment mutual funds are established by fund sponsors and subscribed by investors. The fund management company is responsible for specific investment operations, and it is a mutual fund with gold or gold derivatives as the investment medium. The investment risk of gold fund is relatively small, and the income is relatively stable, which has the same characteristics as the securities investment fund that investors are familiar with. Gold funds are divided into open-end funds or closed-end funds.