EPIC RESEARCH MCX GOLD UPDATE OF 4 JULY 2016

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Gold trading range for the day is 31098-31768.  
Gold rose supported by a weaker dollar and prospects for further monetary policy easing in the wake of Britain's vote to leave the European Union.        
Societe Generale raised its gold price forecasts on fears over the ongoing political, financial and economic fallout of Britain's vote to leave EU.          
SPDR gold trust holdings gained by 0.41% i.e. 3.86 tonnes to 953.91 tonnes from 950.05 tonnes.

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