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NEW YORK (AP) - Commodities prices slipped in several markets on Monday as investors took profits from last week's strong gains and the U.S. dollar rebounded slightly.
Energy prices retreated as a tropical storm ceased to be a threat. Meanwhile, precious metals declined for most of the session before recovering modestly at the close. In agriculture, corn and soybeans pulled back from a sharp run-up while wheat prices extended their rise.
Analysts suggested speculative investors were looking to cash in after crude oil reached a high point just shy of $84 a barrel late last week, and gold traded at a 27-year high amid support from a weak U.S. dollar. The dollar's bounce off its lows against the euro on Monday also pressured commodities, which have been benefiting from the currency's weakness.
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