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Why Costco members are racing to buy gold bars
The economy has been behaving rather interestingly ahead of the November presidential election. On the one hand, the jobs market continues to moderate. Yet, major companies have begun to announce fresh layoffs – blaming AI in some cases. Despite inflation cooling, gold prices have soared. The Federal Reserve has kicked off what’s likely to be a prolonged period of interest rate cuts. While that has been well-received by investors, there are pros warning the Fed’s actions are signaling a sharp economic slowdown in 2025. Yahoo Finance executive editor Brian Sozzi talks with economist and…
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