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Bad Credit Credit Creditres As the dollar rose on comments from Federal Reserve Chairman Alan Greenspan Wednesday, gold slipped below its psychological support level in anticipation of interest rate hikes.

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Bad Card Credit Credit July 21, 2004 (AXcess News) New York - As the dollar rose on comments from Federal Reserve Chairman Alan Greenspan Wednesday, gold slipped below its psychological support level in anticipation of U.S. interest rate hikes.

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Bad Car Credit Loan Spot gold closed Wednesday at $397.20, compared to $401.00 on Tuesday, when it fell nearly $5 an ounce on Greenspan's comments.

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Bad Credit Loan Mortgage Greenspan said that economic conditions through the first half of the year have "been generally quite favorable," with overall growth at a strong rate that has finally generated a significant rebound in job growth.

Auto Bad Credit Loan If inflation remains under control, the Fed can hold to its current view that it can raise interest rates gradually. But if inflation should show signs of worsening, then the Fed would accelerate its rate increases, Greenspan said.With the Fed focusing more on balanced budgets, gold markets began to soften

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Bad Credit Refinance The dollar climbed to a near three-week high against the euro Wednesday, with the euro falling to $1.2223 dollars from $1.2328.

Bad Credit Mortgage Second In earlier European trading, the euro slid to $1.2223, falling below the $1.23 leg for the first time in two weeks.

Bad Credit Loan Student For some, the prospect of higher rates, buoyant growth and bouncing stock markets could help the dollar begin to reverse its massive decline over the last couple of years.

Bad Card Credit For precious metals, level economic growth and stability signals lower economic risk which could be causing the drop in gold below the $400 level.

Bad Credit Financing Silver went mostly unaffected, closing Wednesday at $6.42, down from Tuesday's close of $6.60 in New York. While silver dropped in price, demand hasn't as China and other developing countries consume more. Whereas gold is percieved more as a safe haven during risky economic times.

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