Sharekhan Commodities Buzz dated June 26, 2006

[Sunil]

Commodities Buzz [June 26, 2006] Please see the attachment for details Share khan www.sharekhan.com

Summary of Contents   COMMODITIES BUZZ Bullions: Remain neutral The rising US interest rates scenario is likely to continue beyond this month. Any further rate hikes would mean the narrowing of the yield curve that is potentially bullish for the yellow metal. Further, the uncertainty over the tone of the Federal Reserve has kept the market nervous, taking the prices of gold higher albeit marginally amid the Asian currencies trading weaker. We prefer to stay neutral ahead of the Federal Reserve meeting and maintain a cautious view.

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