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As gold hits $4,000, precious metals are top sellers at Costco — and a cheat code for boosting its e-commerce business

1. Gold prices surpassed $4,000 per ounce, driving Costco sales. 2. Costco sells approximately $200 million in gold monthly. 3. High gold prices discourage some buyers but sales remain strong. 4. Demand for gold helps boost Costco's e-commerce growth rapidly. 5. Gold's exclusivity attracts new Costco membership sign-ups.

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FAQ

Why Bullish?

As gold prices increase, AAAU may benefit from heightened investment interest. Historical trends show that spikes in gold prices lead to increased demand for gold-related investments.

How important is it?

The article highlights rising gold prices, directly correlating with AAAU’s potential gains. Increased consumer interest in gold typically translates to higher demand for gold investments.

Why Short Term?

Current gold price spikes impact immediate demand and sales. Recent trends indicate that such price changes quickly affect investment strategies.

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