Stocks Slide As Oil, Gold Rise

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Surging gold and energy prices dragged stocks lower Monday as inflation fears curbed Wall Street’s enthusiasm over solid first-quarter earnings from financial services firm Citigroup Inc.


Political tension in Iran and Nigeria and concerns about shrinking U.S. gasoline reserves drove crude futures to their highest levels since hurricanes shut down much of the Gulf Coast production late last summer. A barrel of light crude rose 83 cents to $70.15 on the New York Mercantile Exchange.


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