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[video] Gold Plunges to Lowest Level in 3 Years, Oil Rises

The video this transcript is based on appeared on December 19.

NEW YORK ( TheStreet) -- Gold prices closed at their lowest level in more than three years and oil prices climbed to their highest level since October.

VIDEO TRANSCRIPT:

And a good evening to you, I'm Ruben Ramirez in for Jane Searle.

A plunge in gold prices today. The precious metal ended the session at its lowest level in more than three years. Gold for February delivery tumbled $41.40, or 3.4%, to settle at $1,193.60 an ounce on the Comex division of the New York Mercantile Exchange. Meanwhile, oil futures settled at their highest levels since late October, gaining 97 cents, or 1%, to settle at $98.77 a barrel.

And in corporate news Target shares tumbled 2% on word of a data breach that affected 40 million credit and debit card accounts. The breach occurred between November 27th and December 15th at stores across the country. Online sales were not impacted.

On Wall Street I'm Ruben Ramirez in New York. Have a great evening.

Written by Ruben Ramirez in New York.

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