Commodities were a gusher in the past month, with a dozen ETFs investing in oil and gasoline futures pumping out double-digit gains. Gold built on its turnaround in 2016, and silver wasn’t too far behind.
United States Oil (USO) was a best-performing ETF as it soared 26% in the month ended March 10. It marked an astonishing comeback for an exchange traded product that’s averaged a 33% annual loss over the past three years.
Equity investors, too, rode the oil patch and gold rush to stellar gains. Infracap MLP (AMZA) vaulted 28%, and Market Vectors Junior Gold Miners (GDXJ) 27%.