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New Zealand Announces Extension Of Nationwide Lockdown Until Next Tuesday / U.S. Economic Slowdown Supported A Rebound In Silver Prices

New Zealand Announces Extension Of Nationwide Lockdown Until Next Tuesday

New Zealand Prime Minister Ardern announced that the current nationwide lockdown measures will be extended until this Friday (27th), while Auckland, the largest city, will be extended until next Tuesday (31st). Ardern also pointed out that there are more than 320 locations and 13,000 contacts related to the national epidemic, which is far more than the previous peak of the epidemic. At present, 35 new coronavirus cases are newly diagnosed in New Zealand every day, and the cumulative number of people infected in this wave of epidemics is 107.

U.S. Economic Slowdown Supported A Rebound In Silver Prices

After the silver market fell below 23 US dollars in the early trading of this week, it has now rebounded to the level of 23.60 US dollars. U.S. daily economic data is mixed, showing signs of a continued slowdown in the U.S. economy and businesses. Coupled with the intensification of new crown cases, the U.S. dollar index has staged a high dive, and the weakening boosted precious metals to become a safe haven for investors. The market is focusing on the speech of Fed Chairman Powell at the Jackson Hole Central Bank Annual Meeting this week, and some analysts mentioned that any dovish guidance will support the recent rebound in silver prices.

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