As the great Australian icon Norman May used to say, the economic news this week is all about "Gold, Gold, Gold". Sure, Nugget May was talking about our Aussie Olympic athletes, but in the context of the market there's definitely some important guidance here for Aussie investors.

Whenever you hear the words "US" and "inflation" mentioned together, you can be sure that gold will be spoken about, too. Gold appreciates in value as inflation rises, since it's seen as a hedge against falling currencies and rising prices. And off the back of the latest US hurricane fears (this time its hurricane Rita that’s getting pulses quickening), with the attendant fears...