Gold at $2,900: Should you buy or sell Muthoot, Manappuram Finance shares?

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Gold at $2,900: Should you buy or sell Muthoot, Manappuram Finance shares? - Business Standard

Quick Summary:

Technical chart suggest that Muthoot Finance, Manappuram Finance and IIFL may witness some downward pressure in the near-term, and dip up to 17%; check key levels to track here.

CLICK HERE FOR THE CHART IIFL Current Price: Rs 345 Downside Risk: 16.5% Support: Rs 334; Rs 323; Rs 306 Resistance: Rs 393 IIFL has been trading with a negative bias across time-frames.

Gold prices have rallied up to 11 per cent in international markets, and now quote at a record $2,900 per ounce, owing to uncertainty of the likely impact of tariff threats by the US president Donald Trump. Experts believe that the current rally in Gold prices has been led by tariff threats by Trump, which in turn have seen investors move away from equities to safer havens.