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.
1 Yr (%) | 5 Yr (%) | |
---|---|---|
Gold | 16.35 | 81.65 |
S&P 500 | 25.21 | 76.22 |
As of April 12, 2024 |