Gold and Silver Advance as Oil Rally Revives Inflation Trade Concerns

Gold traded near 4358.71 dollars per ounce on Monday, gaining 0.4 percent, while silver futures reached 65.106 dollars, rising 2.80 percent. U.S. equity benchmarks eased slightly with the S&P 500 declining 0.1 percent to 7753.11, and European markets posted mixed results. Weak July employment data initially lowered the odds of a September Fed rate hike to 44.4 percent.