Gold prices fell on Friday under pressure from profit-taking, as investors await the U.S. Federal Reserve's stance on interest rates, with expectations of keeping them unchanged during September. The price of gold in spot transactions decreased by 0.5 percent to $4,330.37 per ounce, while U.S. gold futures for December delivery fell by 0.8 percent to $4,386.80. Gold had recorded its highest level since June 5 yesterday before declining by 1.3 percent, thus erasing its gains made during the week. In other precious metals markets, silver fell in transactions.
Algeria - On Monday, the Minister of Transportation, Saïd Sayoud, held talks in Algiers with the Deputy Prime Minister and Minister of Industry of the Czech Republic, Karel Havlíček, discussing ways to enhance bilateral cooperation between the two countries in the fields of transportation, according to a statement from the ministry.
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The Nigerian Minister of State for Petroleum Resources in charge of gas, Ikebekpe Ikpo, highlighted today from Moscow the developmental and economic dimensions of the Trans-Saharan gas pipeline that connects Nigeria to Algeria via Niger, especially for the Sahel countries, noting that the project is a priority, as Nigeria will extend a pipeline from the south of the country to the north to realize this continental energy facility.
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