Costco gold bars are selling out as prices for the precious metal break records: Survey ...Middle East

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Costco gold bars are selling out as prices for the precious metal break records: Survey
Related video: The hidden meaning in Costco price tags (NEXSTAR) – Move over, gas and hot dogs. Costco shoppers are snatching up the store's 1-ounce gold bars despite the market's lofty price for the precious metal. A recent Bloomberg survey of Costco stores in 46 states found that roughly 77% sold out of the 1-ounce bars in the first week, despite fully replenishing their stock in recent weeks. Demand for the bars comes amid soaring gold prices, with the spot price for bullion hitting a record $2,686 on Sept. 26, according to the American Precious Metals Exchange (APMEX). As of Monday afternoon, the price had vacillated between $2,654 and $2,673. At Costco, the bulli

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