‘Big change' in global growth is bullish for commodities including copper, says VanEck CEO
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VanEck CEO Jan van Eck suggests that investors should consider commodities due to a "big change" in global growth, with China being a key driver in the expansion. Van Eck highlights the positive momentum of copper as a sign of global economic growth and energy prices. He also sees U.S. government spending as a bullish catalyst for the commodities trade. VanEck's exchange-traded funds, including the VanEck Gold Miners ETF and VanEck Oil Refiners ETF, have seen gains of 10% and 9% respectively year to date. The S&P GSCI Index Spot, which tracks commodities, is up 10% so far this year.

#Commodities #Copper #GlobalGrowth #China #Vaneck

https://www.cnbc.com/2024/04/20/big-change-in-global-growth-is-bullish-for-commodities-vaneck-ceo.html