Global X Copper Miners ETF is trading 6% up today as a tentative U.S.–Iran peace agreement reduces geopolitical risk and shifts investor focus toward cyclical, commodity-linked plays.
- The geopolitical breakthrough has pushed oil prices lower, easing global inflation concerns and interest rate fears.
- Copper miners are benefiting from a broader global risk-on move and increased demand for real assets amid improving growth sentiment.
- The fund is extending a strong two-day rebound as investors rotate into industrial metals following the reduction in macro uncertainty.