Trading Economics (Aug 17): "Gold rose toward $4,400 an ounce on Monday, extending gains as subdued US economic data reduced expectations for an imminent Fed rate hike," spot +0.45% on the day. Lower rate-hike odds and Middle East risk (Brent near $90) support safe-haven demand, and GLD already broke higher last week (401.48 Friday). Momentum favors a continued push higher into today's session.