Sharekhan Commodities Buzz dated February 08, 2007

[Sunil]

 

Commodities Buzz [February 08, 2007] Please see the attachment for details Share khan www.sharekhan.com

Summary of Contents   COMMODITIES BUZZ Bullion: Subdued trading to persist Gold futures closed lower on Wednesday, failing to hold their ground at the $660 an ounce level as a retreat in the oil prices pared the metal's safe-haven appeal. Gold for April delivery closed $1.40 lower at $657.30 an ounce on the New York Mercantile Exchange. Gold did not take off as oil slipped on the price graphs yet again. Crude's failure to capture the $60 per barrel level prevented gold from scaling $660. Silver mirrored gold's moves and closed at $13.65 an ounce.

Regards, The Sharekhan Research Team myac...@sharekhan.com

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