Gold and Silver prices are about flat since last week. Spot stands marginally higher at $4,581 CAD per ounce for gold and $46.00 CAD per ounce for silver. Dollar Index fluctuations are likewise nearly flat though the tone of the week is one of higher highs and higher lows. Gold’s price fluctuations show lower lows conversely though bull runs have consistently driven the metal back toward the $4,600 level all week. Equities closed higher on Thursday with risk on sentiment driven by a Federal Court Stay on Tariffs. Weekly Jobless Claims jumped by 14,000 to 240,000. The Gold/Silver ratio has been nearly flat at 99.54. Hope of a tariff-risk abated week ahead deteriorated last Friday. President Trump threatened to raise EU tariffs to 50% - a 2.5 fold increase from last months announced 20% though by Sunday he wrote that he was delaying the deadline until July 9th after a “Very Nice” call with European Commission Chief Ursula von der Leyen. On Thursday, the New York Based Court of International Trade ruled that an emergency law did not give Trump the power to unilaterally impose tariffs and that Congress has exclusive powers to regulate commerce with other nations according to the Constitution. Fed Chair Powell confirmed in a release that he met with President Trump on Thursday but stressed that Future Monetary Policy was not discussed.