NEW YORK ( TheStreet) --As the euphoria over Gold continues, so do the number of investment opportunities. Sprott Asset Management announced on Wednesday that it had raised $400 million from the initial public offering of Sprott Physical Gold Trust ( PHYS) at US$10 per unit. Sprott Physical Gold Trust (Canada) and Sprott Physical Gold Trust began trading last Friday on the Toronto Stock Exchange and NYSE Arca, respectively. Analysts expect that the recent emphatic run in gold prices is far from over and continue to hold a bullish view on the price of gold, attributing the optimism to various factors including a weak U.S. dollar, increasing U.S. deficit, and rising global gold demand. Recent economic developments have boosted investor sentiment for metals, particularly gold. The ADP unemployment report pegged private sector job losses at 20,000 during February, down from 60,000 in the previous month. Greece announced an austerity plan on Wednesday, pledging to implement cost saving measures of nearly 4.8 billion euros ($6.5 billion).