'Fear Index' At 3-Year Highs As VIX, Gold Trade Higher

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Heightened fears over Ebola, along with weak economic data and concerns over European growth, has given a boost to both VIX and gold Wednesday.

The CBOE Volatility Index (VIX), sometimes called the fear index, traded briefly above 31 at 31.06. Although recently pulling back to 28.68, the VIX is still up 25.84 percent on the day, as stocks suffer their worst losses in three years. This marks a 90 percent gain since the beginning of the month, with the VIX now at the highest level since December 2011.

Gold has rallied as well, albeit with less ferocity than the VIX. The December Gold futures contract was trading up 0.54 percent on the day, at 1240.50. Strength in the U.S. Dollar is likely putting a cap on further gains in gold.

Posted In: NewsEcon #sMarkets
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