EPIC RESEARCH MCX GOLD UPDATE OF 29 JUNE 2016

Gold trading range for the day is 31020-31598.  
Gold fell as buyers cashed in gains from the biggest two-day rally in the metal since late 2008, made in the wake of Britain's shock vote to leave the European Union last week.      
Britain's vote to leave the bloc could pose a new drag on the U.S. economy at a time when momentum in the U.S. job market may already be slowing.            Ratings agency S&P's announced that it had lowered the U.K.’s sovereign credit rating from "AAA" to "AA," citing last week's referendum. 

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