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Gold Rises Supported by Purchases After Sharp Drop

February 18, 2026AL24 | الاقتصادal24news.dzTranslated from Arabic
Gold Rises Supported by Purchases After Sharp Drop

Gold prices rose today, Wednesday, supported by purchases after a decline of more than 2 percent in the previous session, as trading remained weak due to the Lunar New Year holiday in several Asian markets. Gold rose in spot transactions by 0.2 percent to $4886.69 per ounce, after hitting the lowest level in more than a week yesterday, Tuesday.

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The Forestry Directorate in Médéa has completed a program to plant 100 hectares of olive trees across 17 municipalities in the Médéa and Ksar el-Bahari regions within two months, achieving a completion rate of 100 percent for the 2026 agricultural season, according to the directorate. Hamza Iskander, head of the Forest Heritage Valorization Department, stated, as reported by the Algerian News Agency, that the program allocated for the Forestry Directorate in Médéa has been fully completed, following the start of planting works at the beginning of May, as part of efforts to develop the olive sector and expand planted areas. Read the full content on Echourouk Online.

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