Gold slides 2% as Trump's restart plan boosts risk sentiment [CNBC]
Gilead Sciences, Inc. (GILD)
Last gilead sciences, inc. earnings: 4/30 04:01 pm
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Source: CNBC
A one kilo Swiss gold bar and US dollars gold coins are pictured in Paris on February 20, 2020.JOEL SAGET| AFP via Getty ImagesGold fell as much as 2% on Friday after President Donald Trump's new guidelines to re-open the U.S. economy and encouraging early data related to a potential COVID-19 treatment drove investors towards riskier assets.Spot gold was down 1.7% at $1,689.22 an ounce, more than $60 lower than the 7-1/2 peak hit earlier this week on concerns over the worst recession in decades."Gold and stocks are negatively correlated today with the overnight equity rally pressuring gold. The guidelines from Trump for re-opening the economy have boosted equity markets," said Tai Wong, head of base and precious metals derivatives trading at BMO. "If stocks can extend overnight gains it could trigger more profit-taking in gold," he added.World stock markets sprinted towards a second straight week of gains after Trump laid out plans to gradually reopen the coronavirus-hit U.S. economy.
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GILD
Earnings
- 10/30/25 - Beat
GILD
Sec Filings
- 12/1/25 - Form 4
- 12/1/25 - Form 4
- 12/1/25 - Form 4
- GILD's page on the SEC website