Gustav concerns exaggerated

Gold Investing News reports gold prices will move in the direction of crude oil.

Gold played a particularly significant role in the historic painter’s life, as the artist received the ‘Golden order of Merit’ from Emperor Franz Josef I of Austria for his contributions to Art. Later, he even experienced a ‘Golden Phase’ when many of his creations featured the prominent use of gold leaf. Avoiding an ironic case of “life imitating art”, the positive news story of the arrival of Hurricane Gustav into the Louisiana and Gulf Coast area, sent commodity prices down, as government and industry officials began assessing the damage, which wasn’t as extensive as they had feared.

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