LEADER IN THE PRECIOUS METALS MARKET SINCE 2002

TO SPEAK WITH CUSTOMER SERVICE

302-256-5080

Gold is undervalued, it could reach $2,400: strategist

Philip Petursson, chief investment strategist at IG Wealth Management, joins BNN Bloomberg to discuss his view on commodities amid geopolitical concerns. Petursson says he doesn’t see the price of oil affected by the war in the Middle East. However, he reminds the audience that oil supply could rapidly shift if the conflict escalates. Furthermore, he says gold is undervalued and expects more upside. He also discusses risks surrounding the loonie if the Fed continues to tighten in the months ahead.