Big change in global growth is bullish for commodities: VanEck CEO

From CNBC: 2024-04-20 11:00:02

VanEck CEO Jan van Eck recommends considering commodities for investment due to positive economic growth globally, particularly driven by China. His firm offers exposure to various commodities through exchange-traded funds, with significant increases in the VanEck Gold Miners ETF and VanEck Oil Refiners ETF year-to-date. Copper’s momentum indicates strong demand, reflecting global economic growth. U.S. government spending is seen as a bullish catalyst for the commodities trade. The S&P GSCI Index Spot, which tracks commodities, has increased by 10% so far this year.

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