The SPDR Gold Shares ETF (GLD) is at $182.10, up +$0.26 or +0.14%. However, despite this temporary uptick, gold prices are expected to decline for the week due to growing optimism surrounding a potential U.S. debt limit deal. On Thursday, the latest comments from Fed officials reinforced the hawkish sentiment by highlighting that inflation was not cooling down rapidly enough to warrant a pause in the interest rate hike campaign.