Gold prices surge 2% as investors flee to the yellow metal as a safety hedge against the tumbling stock market. TheStreet's Joe Deaux says the World Gold Council said in a meeting with the press on Monday that it predicts the gold prices is stabilizing now that the Federal Reserve is scaling back its economic stimulus program. Deaux also says Marex Spectron wrote in a note that it expects the gold market in 2014 to be range-bound, with positive and negative price swings.

More from Video

Video: Here Is Why Carvana Isn't Worried About Amazon

Video: Here Is Why Carvana Isn't Worried About Amazon

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers

This Could Be the Summer of Hard Seltzer

This Could Be the Summer of Hard Seltzer