Costco’s Gold Bars Fly Off Shelves as Bullion Prices Smash Records

Despite gold prices reaching record highs this year, sales at Costco Wholesale have surged as the retailer offers gold at competitive prices, appealing to a broader range of consumers.

Costco began selling bullion in June 2023, and its convenience, coupled with additional rewards for members, has made gold buying more accessible.

A recent survey found about 77% of Costco locations stocking gold sold out as consumer interest remains high.

Gold’s value as a safe haven and hedge against inflation has driven new retail buyers to Costco, marking it as a “bright spot” in the consumer gold market.

In its first fiscal quarter, Costco reported over $100 million in gold bar sales, as reported by Bloomberg.

read more: https://finance.yahoo.com/news/costco-gold-bars-fly-off-110021675.html

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