Gold and Silver: Inflation Test Looms as Investment Demand Holds FirmSpot gold trades near $4,113.205 per troy ounce and spot silver near $52.538 per troy ounce. Lower oil prices have eased some concerns about inflation. Reuters reported Monday that oil softened after President Donald Trump said further attacks on Iran were highly unlikely while negotiations continued. A softer dollar also helped overseas buyers. Lower energy costs could reduce pressure for higher interest rates, but the diplomatic tone doe ...