81. Gold prices fell to a two-week low amid signs that the U.S. economy can expand without accelerating inflation, analysts said. 82. Gilts got an early boost from advancing U.S. bonds which rose Friday as traders bet recent talk of accelerating inflation and higher interest rates was overdone. 83. Greenspan yesterday told the congressional Joint Economic Committee that tight U.S. labor markets are increasing the risk of accelerating inflation. 84. Gold is seen by some investors as an attractive investment in times of accelerating inflation because higher prices can erode the value of fixed-income securities. 85. Gold prices fell to a two-week low amid evidence that the U.S. economy can expand without accelerating inflation, analysts said. 86. Gilts plunged yesterday after a report showing double-digit annual increases in fuel and raw materials prices raised concern about accelerating inflation. 87. Greenspan said the Fed might move to raise rates even before signs of accelerating inflation appear. 88. Gold is seen by many investors and a hedge against accelerating inflation. 89. He noted, for example, that U.S. industry has been running near levels of capacity that historically presage accelerating inflation. 90. Higher productivity, in turn, allows the economy to grow at a faster pace without accelerating inflation. |