It's good news but it's not really news.

Gold could move up from...where we stand at the moment. I would be surprised to see a massive increase in prices, but a slow creep up towards just below $570 would be on the cards this week.

Over the last two days, it's been geopolitical happenings that have supported gold prices. Iran and Palestine are focal points.

[Appearing at a news conference in Baton Rouge, La., with Brown at his side, Chertoff announced that he was sending the FEMA director back to Washington in case another storm hits the country and putting Allen in charge.] Mike Brown has done everything he possibly could to coordinate the federal response to this unprecedented challenge, ... I appreciate his work, as does everybody here.

That's good news. But it's no cause for complacency.

In the near term, this is not good news