Costco still selling gold bars like hotcakes as prices surge
WEB2 days ago · GC=F. Costco (COST) is slinging a lot of gold bars as prices for the yellow metal continue to surge. Sales of gold were up "double digits" in the most recent quarter, Costco CFO Gary Millerchip ...
Costco’s Gold Bars Are Flying Off the Shelves. Demand Is ... - MSN
WEB2 days ago · The bars, which Costco sold for about $2,000 last fall, were priced at $2,699.99 on retailer’s website Friday, although they were listed as out of stock. The Costco price was about $48 above ...
Gold Bar Sales Are Surging at Costco. Why? - The New York Times
WEBApr 11, 2024 · Costco is now selling one-ounce, 24-karat gold bars, according to its online store. The bars can be purchased only by members, and the price varies based on market rates.
Costco makes hundreds of millions on 24-karat gold bar sales
WEBApr 11, 2024 · In a new equity research note from Wells Fargo, the bank estimated Costco has generated $100 million to $200 million per month in gold bar sales.
Costco's Earnings Just Generated Two Trade Opportunities
WEB2 days ago · Costco’s management comments that “the insatiable demand for gold bars and silver bullion continued in Q4”. This is a great indicator for the public’s appetite for gold.
Costco selling as much as $200 million in gold bars monthly ... - CNBC
WEBApr 9, 2024 · Gold has turned into money for Costco, where yellow metal sales begun last year have turned into a cash cow for the big-box retailer.
Costco gold bars are selling for a fair price, and fast, CFO says
WEBOct 3, 2023 · Costco is now selling one-ounce gold bars to members only online and they are selling out fast, at a price that's in line with market rates.
Costco sold more than $100 million in gold bars last quarter
WEBDec 15, 2023 · Costco has found a new hit with online shoppers — gold. The retail warehousing giant sold more than $100 million of the precious metal in its fiscal first quarter, which ended Nov. 26, Costco...
Costco gold bar sales top $100 million in quarter leading to …
WEBDec 15, 2023 · Retail giant Costco announced Thursday that it had sold over $100 million in gold bars in the first fiscal quarter of 2024, according to CNBC.
Costco Shoppers Are Getting Younger, Buying More Gold
WEB2 days ago · Costco lists 1 oz gold bars on its website for $2,699.99 but they were listed as out of stock on Friday. Analysts at Wells Fargo estimate that Costco is selling as much as $200 million of gold a ...