Where Data Tells the Story
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Performance of gold (CFD USD/oz) and the S&P 500 over the past 5 years ended April 12, 2024.
Geopolitical conflicts including the war in Ukraine and the Israel-Hamas war have prompted investors to seek safe-haven assets like gold. Central banks have also been buying gold to hedge against inflation.
Costco is reportedly selling up to $200 million worth of gold bars every month, highlighting just how high demand is getting. The retailer began selling 1-ounce bars in the fall of 2023.