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Submitted by unname1 on Wed, 04/06/2011 - 10:53
Gold firmed on April 6 and held near a lifetime high hit in the previous session as inflation fears lingered after crude and corn rallied to new peaks, while silver edged down, having risen to its strongest level in more than three decades.

* Spot gold added US$1.65 an ounce to US$1,452.25 an ounce by 0028 GMT, not far from a record of US$1,456.85 hit on April 5.
* Spot silver eased 11 cents to US$39.12 an ounce, having rallied to US$39.29 on April 5, its highest since early 1980.

* U.S gold futures for June rose US$1.5 an ounce to US$1,454.0 an ounce.

* The world's largest gold-backed exchange-traded fund, SPDR Gold Trust, said its holdings inched up to 1,212.745 tonnes by April 5 from 1,211.229 tonnes on March 31.

* US corn futures edged lower in early Asian trading on April 6 after racing to a record high in the previous session, spurred by thin US supplies.

* The same day, the Japanese currency extended its decline early in Asia, hitting fresh 11-month lows against the euro and the Australian dollar and looking to deepen its losses as technical support levels threaten to give way.

* Brent crude jumped to a 2- year peak above US$122 a barrel on April 5, gaining for a fourth straight day as conflict and unrest in Africa and the Middle East more than offset China's latest interest rate hike.

VOVNews/Reuters

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