Gold prices edged higher on Monday after a sharp decline in oil prices eased inflation concerns, boosting demand for safe-haven assets. Spot gold (XAU/USD) climbed 0.3% to $4,053.37 per ounce, while Gold Futures gained 0.1% to $4,108.70. Lower crude prices helped ease expectations of sustained inflation, reducing the likelihood that elevated energy costs would force the Federal Reserve to maintain tighter monetary policy. Despite the gains, the outlook for gold remains tied to expectations for U.S. interest rates. These releases are expected to provide fresh insight into the strength of the labor market and the Federal Reserve’s next policy decision, which could determine the near-term direction of gold prices.