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Nettavisen | "Topped every list: expert still sees a multiplication ahead"
In this article from Nettavisen, AuAg Funds is one of several voices on why gold and silver lost momentum in the first half of 2026. Eric Strand, fund manager, explains that gold pays no running income, so a higher rate raises the cost of holding it, and the Fed moved to 3.75–4% in September. Strand argues rate rises do little against price rises driven by firms' costs, and dates the turn to the US Treasury's August buybacks of long-dated debt, which lift bond prices and push long-term rates down.
Disclaimer
This material is marketing communication. The information does not constitute investment advice or a personal recommendation. Investment decisions should be based on the fund’s information brochure and fact sheet, as well as your own considerations. Investments involve risk. Past performance is not a guarantee of future returns. The money invested in the fund may both increase and decrease in value, and it is not certain that you will recover the entire amount invested. Before making an investment decision, you should review the fund’s information brochure and fact sheet.
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