Fwd: Sharekhan Commodities Buzz dated May 26, 2006

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Sunil

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May 26, 2006, 9:47:39 AM5/26/06

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Commodities Buzz
[May 26, 2006] Please see the attachment for details

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Summary of Contents

COMMODITIES BUZZ

Bullions: Range-bound

With the US gross domestic product (GDP) numbers slightly below expectations there was some room for bullions to move up, especially as the talks with Iran ended inconclusively. Both gold and silver witnessed huge volatility with gold testing the key $640-636 per ounce range. Buying interest coming in at these levels acted as a good support. The strength in the Australian dollar and the New Zealand dollar further lifted the yellow metal.

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The Sharekhan Research Team

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