As the market continues to be affected by stubborn inflation and rising interest rates, the gold trend has “fluctuated” so far this year, but a fund manager said that the market's concerns are wrong. AuAG Funds founder Eric Strand said in a recent interview that it is only a matter of time before gold resumes its long-term upward trend as investors realise that higher interest rates do little to address the factors that actually drive inflation. Moreover, he believes that the Federal Reserve's hawkish promises will only “just say nothing”; the debt crisis is the problem, and the price of gold can rise another 20% to 30% during the year.

As the market continues to be affected by stubborn inflation and rising interest rates, the gold trend has “fluctuated” so far this year, but a fund manager said that the market's concerns are wrong. AuAG Funds founder Eric Strand said in a recent interview that it is only a matter of time before gold resumes its long-term upward trend as investors realise that higher interest rates do little to address the factors that actually drive inflation. Moreover, he believes that the Federal Reserve's hawkish promises will only “just say nothing”; the debt crisis is the problem, and the price of gold can rise another 20% to 30% during the year.