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Oil, Gold Slide as Dollar Gains on Greece; Stocks Retreat

Oil slid to a six-month low and gold declined as the Dollar Index extended a record-long rally amid concern Greece’s financial crisis is worsening. U.S. stocks fell, while Treasuries erased losses after Federal Reserve policy makers said more monetary easing may become necessary.

Crude for June delivery fell 1.2 percent to settle at $92.81 a barrel while gold approached a bear-market drop of 20 percent from last year’s record. The S&P 500 slipped 0.4 percent to close at 1,324.80 at 4 p.m. in New York. The Dollar Index, a measure of the currency against six major peers, increased for a 13th straight day. Ten-year Treasury yields slipped one basis point to 1.76 percent after climbing five points earlier.