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The Social Democratic Party Wins The German Election By 25.7% / The Gradual Recovery Of The U.S. Economy Has Prompted A Fall In Silver Prices

The Social Democratic Party Wins The German Election By 25.7%

The vote count in Germany's general election last Sunday showed that the Social Democratic Party narrowly defeated the Coalition Party by 24.1% with 25.7% of the votes. The third to fifth votes were the Green Party with 14.8%, the Liberal Democratic Party with 11.5%, and the far-right Alternative Party with 10.3%. Since no political party has won more than 30% of the votes, it is still waiting for the parties to negotiate and negotiate to form a coalition government before deciding who the next prime minister will be. In addition, since both the Social Democratic Party and the Coalition Party refuse to cooperate with the Alternative Party, the market estimates that the new government will maintain a pro-European direction.

The Gradual Recovery Of The U.S. Economy Has Prompted A Fall In Silver Prices

Silver rushed higher overnight and then dropped and fluctuated. It is currently hovering near $22.63. Investors continue to respond to the Fed’s signal that as the U.S. economy recovers from the new crown epidemic, the Fed will reduce the scale of monthly purchases of Treasury bonds and mortgage-related bonds. Fed officials are currently brewing a new wave of prospects for shrinking the balance sheet, and the third place is the sudden release of hawkish views, boosting risk sentiment and stimulating the market. There was a brief decline in precious metals, but there were no obvious signs of optimistic recovery.
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