Costco Gold Bars Are Selling Out Even as Prices Surge, Survey Finds

The spot price for gold hit a record $2,686 per ounce on Sept. 26.
Costco Gold Bars Are Selling Out Even as Prices Surge, Survey Finds
Shoppers walk out with full carts from a Costco store in Washington on May 5, 2020. Nicholas Kamm/AFP via Getty Images
Jack Phillips
Jack Phillips
Breaking News Reporter
|Updated:
0:00

Costco shoppers are purchasing the store’s 1-ounce gold bars at a high rate despite the precious metal’s record-high prices in recent months, according to a recent survey.

Around 77 percent of Costco outlets that sell bullion bars were sold out in the first week of October, a Bloomberg survey found. The news outlet and financial services company said it surveyed 101 stores in 46 states that sell gold and recently restocked the precious metal.
Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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