Gold Spikes, Abercrombie CEO Out, Citigroup's Legal Fees Climb

U.S. markets ended Tuesday's session mixed with both the Dow Jones and the S&P 500 index lower on the day. The Nasdaq managed to post a small gain. Gold was the big winner on Tuesday. It spiked above $1,200 an ounce for the first time since the end of October. In corporate news, Citigroup says it expects to spend $2.7 billion in legal fees in the fourth quarter. Abercrombie's CEO Mike Jeffries said he would retire and leave the struggling teen apparel retailer immediately. And, in Washington, the Federal Reserve voted on a proposal that would force the nation's eight largest banks to hold higher capital reserves that required by international standards as a way to stave-off another financial crisis. TheStreet's Susannah Lee reports from New York.