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Gold prices on track for third consecutive monthly loss

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.

May 29, 2026iqtissadalbalad.dz
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Water supply interruption in these areas

The company 'SEOR' announced a scheduled shutdown of the 'Ras El Abiod' station and a temporary change in the water distribution program in the western region of Oran. The company clarified in a statement today that as part of the periodic maintenance programs for the internal facilities of the 'Ras El Abiod' seawater desalination plant, a complete production shutdown at the station has been scheduled for June 1, 2026. This periodic work aims to enhance the station's effectiveness and ensure the continuity of public water service at the highest quality levels, as well as improve supply conditions and meet citizens' needs, especially during the summer season, which sees peak consumption. A temporary change will occur in the drinking water distribution program, which will primarily affect ...

May 29, 2026iqtissadalbalad.dz
Economic Policy
AL24 | الاقتصاد

United States: Inflation Reaches Highest Level Since 2023 Last Month

The inflation rate in the United States rose in April at the fastest pace in three years, bolstering economists' expectations that the Federal Reserve (the U.S. central bank) will keep interest rates unchanged until late next year. The Bureau of Economic Analysis of the U.S. Department of Commerce reported yesterday, Thursday, that the Personal Consumption Expenditures Price Index jumped 3.8 percent in the 12 months ending in April, the largest increase since May 2023.

May 29, 2026al24news.dz
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Thunderstorms in these provinces today, Friday

The meteorological services revealed the weather forecast for today, Friday, where stable and sunny weather is expected in most northern regions, while thunderstorms are anticipated in some southern provinces. According to the same services, the northern regions will experience sunny weather, with temperatures ranging between 22 and 31 degrees in coastal areas, and between 27 and 36 degrees in inland areas, while wind speeds will reach 30 km/h. As for the southern regions, they will experience sunny weather alongside the formation of thunderstorm clouds in the southwestern and southeastern areas during the afternoon, with temperatures ranging between 27 and 43 degrees, and winds reaching speeds of 50 km/h.

May 29, 2026iqtissadalbalad.dz
Economic Policy
AL24 | الاقتصاد

Call to Accelerate the Economic Integration Process and Strengthen African Solidarity

African leaders called on Monday to enhance the economic sovereignty of the continent and accelerate the continental integration process, especially in the context of the geopolitical and economic transformations the world is witnessing. The Chairperson of the African Union Commission, Moussa Faki Mahamat, emphasized in a speech read on his behalf by the Deputy Chairperson, Monique Nsanzabaganwa, in Brazzaville, during the 'Africa Day' celebrated on the sidelines of the annual meetings...

May 26, 2026al24news.dz