Reported 10 days ago
Costco is selling gold bars at an impressive rate as prices for gold have surged, with sales increasing in double digits recently. The company's CFO noted that gold sales have been a significant boost to e-commerce. Costco began offering gold bars in late 2023, and estimates suggest sales could reach up to $200 million monthly. Despite the strong gold sales, Costco continues to focus on its core grocery business, which also showed growth in recent financial reports.
Source: YAHOO