Gold and Silver prices have fallen this week. Spot prices stand at $4,479 CAD per ounce for gold and $44.99 CAD per ounce for silver. The effects of tariffs have negatively impacted the US Economy yet US Equity markets are strong this week and have recovered the ground lost since mid March. The Gold/Silver ratio has remained relatively unchanged from last week at a current 99.5 On Wednesday, US GDP showed a contraction of 0.3%. Reuters reports President Donald Trump is struggling to explain the weak economy “You probably saw some numbers today, and I have to start off by saying that’s Biden… ” Friday's Non-Farm Payroll Report and Wednesday's FOMC Meeting are expected to set the tone for markets in the week going forward.