Gold prices moved closer to $4,200 per ounce on Monday as a decline in oil prices provided fresh momentum, even as investors continued watching for further policy tightening from the Federal Reserve later this year. Spot gold rose 0.3% to $4,175.60 by 0259 GMT, and December US gold futures gained 0.4% to $4,196.40. The uptick in gold followed President Donald Trump’s decision to waive select sanctions and tariffs impacting Russia, potentially increasing the flow of Russian fuel into global markets.