Gold Prices Climbing High

US Debt Ceiling is reported to cause increase in Gold Prices. As I have seen, Gold is always seen to be getting hikes. What may be the reason behind this....???
Its said when money becomes cheap, COMMODITY goes up. Is it the case with Gold only...???
Or shall it be better to set Gold Standards in the economies...??
Plz help me out...!!
Economic explanations are most welcome...

India slows the Arcelor-Mittal setup in Karnataka

Coal ministry asked A-M to start development in Coal Resources for their fuel needs.I think its unfair from Industiral growth point of view. Coal India Ltd. has plenty of reserves to help A-M, the world steel giant. Crores tons of Coal is exported out of India, then why cant we supply A-M..??

I wonder why our govt. doesnt take initiative for such matters. We are putting ourselves down, hence people Mittals find wonder outside India. Gujarat Initiatives must be followed everywhere...