Soaring Demand for Bullion: 77% of Costco Locations Sold Out of Gold

Costco’s gold bars are experiencing a surge in sales as record-high gold prices trigger a buying frenzy across the U.S. A recent survey revealed that 77% of Costco stores offering gold sold out in early October, reflecting increased demand as consumers seek a hedge against inflation and economic uncertainty.

Costco’s competitive pricing and membership rewards enhance its appeal, drawing customers looking for a safe investment. Since entering the bullion market in 2023, the retailer has become a go-to destination for gold purchases, helping make the precious metal more accessible to everyday buyers.

While Costco’s sales may not significantly impact overall gold prices, industry experts see its success as a sign of strong consumer interest in gold.

Clever Robot News Desk 15^th October 2024