GENERAL24 Sept 2026
Hedge Fund With 235% Return Says Gold Price Decline Is Temporary | Stock Market News
An Australian hedge fund manager, Raphael Lamm, says the recent fall in gold prices is temporary. His gold fund has returned 235% net since launch. He blames near-term pressure on the US-Iran war and interest rate bets, but expects US debt and central bank buying to support gold. If you hold gold, treat this dip as normal market noise, not a trend.
Key Statutory Highlights
- Gold has fallen about 16% since the US-Iran war erupted in late February, and bullion traded at $4,286.01 an ounce on Thursday evening in Sydney.
- Lamm's L1 Gold Fund returned a net 235% through August since its launch in February last year, and it added to long gold equity positions after prices dropped below $4,000.
- Lamm says US government debt of more than $40 trillion and growing central bank allocations will support gold over the medium to long term.
Actionable Advice for Taxpayers / Founders:If gold is part of your portfolio, review your holding with your adviser before reacting to this dip, since this is one fund manager's view and not a promise of future prices.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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