Manappuram Finance Muthoot Finance Other Gold Financier Stocks Drop Up To 3 Heres Why
Economic Times
Shares of gold financiers declined as a sharp fall in gold prices and a stronger US dollar weighed on sentiment.
Expectations of further US Federal Reserve rate hikes pressured bullion, raising concerns over collateral values and loan demand for gold-backed lenders such as Manappuram Finance, Muthoot Finance and IIFL Finance.
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