Gold Prices Firm Amid Lower Oil, Dollar Weakness

Gold and silver prices are slightly higher in early U.S. trading Monday, as lower crude oil prices ease inflation concerns and a softer dollar adds modest support.

The post-Fed setup remains rate-sensitive rather than purely haven-led, with the Federal Reserve holding its target range for the federal funds rate at 3.50% to 3.75% in a 9-3 decision last Wednesday.

A softening of inflation expectations has emerged due to the cooling Strait of Hormuz risk premium and lower crude oil prices, which have reversed part of July's conflict premium.