EPIC RESEARCH MCX GOLD UPDATE OF 8 JUNE 2016

Gold trading range for the day is 29059-29601.  
Gold eased as investors turned cautious after the metal failed to sustain a recent rally, gaining after Fed further dampened speculation about an imminent U.S. rate rise.          
U.S. nonfarm productivity fell less sharply than initially thought in the first quarter and labour-related costs surged for a second straight quarter.              The World Bank slashed its 2016 global growth forecast to 2.4 percent from the 2.9 percent estimated in January due to stubbornly low commodity prices.

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