Gold prices have surged to a record-high $2,500 per ounce, leading to a standard gold bar now valued at over $1 million, appealing to buyers like central banks.
Costco's gold bars, available in smaller sizes of 20-500 grams, cater to those wanting to invest in gold without the hefty price tag of a standard bar.
Despite the gold's rising prices, Costco reportedly rakes in up to $200 million monthly from these sales, though reselling remains a challenging endeavor for consumers.
As the price of gold climbs alongside expectations of an interest rate cut from the Federal Reserve next month, more buyers are turning to the precious metal.
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