The current events, which include the possible default of Evergrande, the biggest Chinese real estate company, and the meeting of the US Federal Reserve, which may be starting to reduce the stimulus it has provided so far to the UD economy, are determining some flow of money into gold.

As we have seen, gold is where investors seek refuge in times of economic uncertainty. There is also a perception that gold is currently undervalued. Recent improvements in the US economy have not allowed gold to rise as many analysts thought it would do.

Gold closed at US$ 1778 per ounce, representing a 0.8% increase with respect to the previous day, in which it had already gained 0.7%

This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.

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