"Gold set a record this week, eclipsing the $3,600-an-ounce mark. It's up 36% this year, far outstripping the S&P 500's 10% return. And we're not even close to the ceiling, writes BI's Samuel O'Brient. Goldman Sachs could see the precious metal rallying to $5,000, which is about a 40% increase from where it currently sits. The bank's reasoning is straightforward: The president's ongoing fight with the Fed will eventually spook investors enough to sell off their US government debt (treasuries) and reallocate money to gold."
"One person's confusion is a business opportunity, though. Investors' flight to gold this year has been a boon for Costco. The warehouse club's gold bars have built a rabid following since it started selling them in 2023. But the real gold rush for Costco isn't just in selling the actual gold. (In fact, the margins aren't huge on the precious metal for the store.)"
Gold surpassed $3,600 per ounce and is up 36% year-to-date, far outpacing the S&P 500's 10% return. Goldman Sachs projects gold could rally to $5,000 per ounce, roughly a 40% gain from current levels, citing investor flight from US Treasuries amid tensions between President Trump and the Federal Reserve. Wells Fargo also favors precious metals. The Justice Department opened a criminal investigation into Fed governor Lisa Cook, who President Trump has sought to remove. Costco's sale of gold bars, launched in 2023, has boosted e-commerce traffic and sales despite thin margins on the metal itself.
Read at Business Insider
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