The Federal Reserve is holding an emergency meeting Monday morning.  I verified the news at their Web site.  What's behind this?

I don't know all of what they know.  But in the last few days, some gold bullion retailers in London and Europe have run out of gold.  According to rumors, the supplier and bullion banker, Credit Suisse, may be in serious trouble - "a Lehman moment" -and there are other rumors of panic in the Credit Default Swaps markets. 

If that's not enough to cause panic, this source says that China will be dumping dollars to bolster its failing economy.  This is all good for gold prices in the short run. 

https://markets.businessinsider.com/news/currencies/china-bank-dollar-yuan-currency-markets-economy-beijing-fed-hike-2022-9

Watch the price of gold as the market opens in Asia about five-and-a-half hours from now. 

Worst case scenario for the typical person?  Indescribable.  Best case?  Gold rises a little.