EPIC RESEARCH MCX GOLD UPDATE OF 1 AUGUST 2016

Gold trading range for the day is 31130-31854.  
Gold closed higher after much slower-than-expected U.S. economic growth weighed on the dollar.    
U.S. Commerce Department reported that GDP grew at an annual rate of 1.2 percent in the second quarter, far less than estimates of 2.6 percent growth.    SPDR gold trust holdings gained by 0.40% i.e. 3.86 tonnes to 958.09 tonnes from 954.23 tonnes.

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