Gold prices rose during trading on Friday by about $13, but remained on track for a third consecutive monthly loss, as markets awaited developments in the ceasefire between the United States and Iran. August gold futures rose by 0.3% to $4544.80 an ounce. At the same time, spot gold contracts increased by 0.5%, equivalent to about $22, to record $4514.19 an ounce. In other precious metals, spot silver contracts fell by 0.1% to $75.55 an ounce, while palladium rose by 0.6% to $1375.25, and spot platinum dropped by 0.4% to $1915.30.
Algeria - The flight schedule of Air Algérie is experiencing disruptions at several airports in the eastern part of the country due to the recorded weather fluctuations, according to a statement from the company.
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.
Gold prices rose in trading on Friday by 1%, but they are heading towards recording the largest weekly loss in six weeks. Gold prices in spot transactions increased by 1% to $4011.29 per ounce after falling earlier in the session to their lowest levels since June 30, but they dropped by about 2.6% this week.
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