For better or for worse, commodities are back in the headlines. The gold price has moved another leg higher this year, oil and copper have also been on the rise, and lately even one of 2024's laggards – iron ore – has started to see prices tick back up.
Both gold and oil have seen prices drop back in recent days as geopolitical concerns ease, but as ever there are plenty of arguments to be made, in the short and long term, about how prices might move from here. Putting the intricacies of supply and demand dynamics aside, investors may well be interested in the signs of life being displayed by the asset class, what with inflation proving stickier than expected in the US and the UK, and growth less weak than some feared. That then raises the question of how commodity funds shape up, and where they are focused.