With commodities such as gold, silver and palladium hitting record highs in the last few years, investors should continue to be focused in the space, said Dan Denbow, co-portfolio manager of USAA Precious Metals & Minerals Fund.
“The ETFs are playing a part in all the metals, as it gives people the ability to speculate on rising prices. But industrial demand is a big part as well,” Denbow explained to CNBC.
“The growth in China and emerging markets...[have] played a big part in the recovery and the return in the auto demand—especially in the emerging markets—has played a big part in the return of in palladium and platinum recoveries as well.”
