Gold Prices Eclipse $1,200 Amid Volatility in Equity Markets

Gold prices topped the critical psychological level of $1,200 per ounce, as the stock market saw significant swings in both directions in recent days. But with the Federal Reserve looking to raise short-term interest rates, which have remained near zero for six years, at some point next year on the heels of improving economic data, how should investors consider gold in their portfolio? TheStreet's Scott Gamm speaks with Thomas Vitiello of Aurum Options Strategies to discuss his view on gold prices, when the Fed will raise interest rates and what investors should be looking out for amid the rising interest rate environment.