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Costco sold more than $100 million in gold bars last quarter - TL;DR CNBC

Costco sold more than $100 million in gold bars last quarter

Publishing timestamp: 2023-12-15 12:18:02


Summary

Costco sold over $100 million in gold bars during its most recent quarter, with 1 ounce bars typically selling out within hours. Customers are limited to two bars per membership, and the gold bars have received positive reviews. The article also mentions the current price of gold and forecasts for its future performance.


Sentiment: NEUTRAL

Tickers: XAU=COST

Keywords: marketsretail industrycostco wholesale corpbreaking news: marketsbusiness newsbreaking news: businessbusiness

Source: https://www.cnbc.com/2023/12/15/costco-sold-more-than-100-million-in-gold-bars-last-quarter.html


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