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Gold prices are soaring as investors seek safe havens amidst economic uncertainty. Costco's one-ounce gold bars are selling out quickly. The spot price of gold, the current
market price for an ounce of gold, is fluctuating daily based on supply and demand. A premium is added to the spot price when purchasing gold from retailers like Costco. The surge in gold prices is fueled by a combination of factors including inflation concerns, geopolitical tensions, and central bank policies.
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