Gold Fever Hits Costco: 77% of Stores Sell Out Amid Soaring Demand for Bullion

Quick Summary:

Costco’s gold bars are flying off the shelves as record-high gold prices spark a buying frenzy across the U.S.

A recent survey found that 77% of Costco stores offering gold sold out in early October.

The trend reflects growing demand for gold as a hedge against inflation and economic uncertainty.

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Article Details

Author / Journalist: Kevin Helms

Category: Crypto

Markets: Japan

Topics: Rewards Inflation Finance Demand Investment Store of value Spot Prices Hedge Economic uncertainty Precious Metals Gold Gold Bars Costco Bullion

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 03:30:46 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 23029709

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About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 12 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 11 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #62

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