Gold dropped about 6.5% in September, below $4,200, after the Fed signalled possible rate hikes. Strong jobs and inflation data drove the fall. October depends on US data and the Fed meeting on 27-28 October. Oil above $100 (Brent) and US bond yields are also pressure points. For a Thai SME this is market background: it matters only if you buy gold or hold it as a reserve, or if your import costs and borrowing rates move with oil and US rates.