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Costco gold bars fly off shelves, Bloomberg survey shows

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Costco gold bars fly off shelves, Bloomberg survey shows

Costco gold bars fly off shelves, Bloomberg survey shows

Gold (GC=F) prices hovering around record highs isn’t stopping Costco (COST) shoppers from buying gold bars. According to a Bloomberg study, around 77% of surveyed Costco outlets have reported that bullion bars were sold out in the first week of October.

Catalysts Hosts Seana Smith and Madison Mills report more on the story and what it signals about consumer behavior.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Melanie Riehl



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