The past week has seen a significant increase in the price of gold in the world market, with an ounce of gold once again crossing the US $ 1,800 mark.
Gold rose by $ 30 an ounce on Thursday, November 4, and again by $ 23.30 on Friday, November 5.
Accordingly, the price of an ounce of gold at the weekend was US $ 1,816.80.
The rise in gold prices is attributed to the US Federal Reserve’s inability to raise interest rates.