Costco limits gold purchases to 2 units per day per membership, stock has surged
From Yahoo Finance: 2025-05-18 15:07:00
Costco Wholesale Corporation (COST) has limited the amount of gold its members can buy, with a restriction of 1 transaction per membership and a maximum of 2 units per 24 hours. The company has sold over $100 million worth of gold bars, with prices soaring from $2426.2/t.oz to $3203.8/t.oz in the past year.
Costco Wholesale Corporation (COST) has partnered with payment platform Affirm to offer customers a Buy Now, Pay Later option as part of its digital transformation efforts. The stock has surged by over 12% this year. While COST shows growth potential, some AI stocks are seen as more promising with higher returns and limited downside risk.
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Read more at Yahoo Finance: Costco Wholesale Corporation (COST) Places Limits on Customer Gold Purchases