A hawkish Fed is the week's dominant driver: Sept FOMC minutes (Oct 8) showed members expect multiple more 2026 hikes, lifting the dollar and real yields — headlines read "a hawkish Fed and strong dollar weigh on gold." GLD has slid from ~408 (late Aug) to 384.58, and Friday's bounce looks like a counter-trend pop within that downtrend. With rate-hike odds rising and the dollar firm, I expect gold lower over the week.