Comodities
Oil Spikes Again as Wall Street’s Fear Gauge Spiked
Oil prices surged again on Friday, sending Wall Street's fear gauge, the VIX, briefly above 22. Investors worry that rising energy costs could fuel inflation and keep interest rates higher for longer, putting more pressure on stocks.
Gold muted as markets wait for Fed minutes
Gold eased on Wednesday as a firmer U.S. dollar and elevated interest-rate expectations kept buyers cautious ahead of the Federal Reserve’s September meeting minutes.