'Big change' in global growth is bullish for commodities including copper, says VanEck CEO
Publishing timestamp: 2024-04-20 11:00:02
Summary
VanEck CEO Jan van Eck suggests that investors should consider commodities due to international expansion and growth in the world economy, particularly driven by China. VanEck's firm has exposure to commodities like gold, energy, and copper, with their ETFs performing well year to date. Copper's momentum is seen as a positive sign for demand, and U.S. government spending is seen as a bullish catalyst for the commodities trade. The S&P GSCI Index Spot, which tracks commodities, is up 10% so far this year.
Sentiment: POSITIVE
Tickers: @CL.1, @CC.1, @HG.1, .SPGSCI, CRAK, GDX,
Keywords: interest rates, breaking news: investing, precious metal markets, economy, federal reserve bank, markets, base metals industry, inflation, monetary policy, consumer prices, wti crude (mar'23), exchange-traded funds, business, fiscal policy, copper (mar'23), retail sales, global, cocoa markets, world economy, investment strategy, cocoa (may'23), vaneck gold miners etf, business news, gold mining and refining, s&p gsci index spot, china, vaneck oil refiners etf, breaking news: markets, personal investing,