EPIC RESEARCH MCX GOLD UPDATE OF 10 JUNE 2016

Gold trading range for the day is 29482-30198.  
Gold extended its rally, supported by falling U.S. Treasury yields and world equity markets, and the outlook for U.S. interest rates.  
Fed is likely to raise U.S. interest rates in September and possibly as soon as July, after news of a sharp drop in hiring that has led some to worry that the economy is losing momentum.
SPDR gold trust holdings gained by 0.71% i.e. 6.23 tonnes to 887.38 tonnes from 881.15 tonnes.

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