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<ul class="summary-list"><li>Costco is selling one-ounce platinum bars online for $1,089.99.</li><li>The move comes about a year after the retail giant started selling gold bars and silver coins.</li></ul><a target="_blank" class="" href="https://markets.businessinsider.com/stocks/cost-stock">Costco</a> is diversifying its precious metals business by selling one-ounce bars of platinum for $1,089.99.The retailer is selling the item online, according to <a target="_blank" href="https://affiliate.insider.com?h=ef9cb8cd654578e3c4c3611256f0b6589e8af43472c34663bcc156149e535bcf&amp;postID=66feb7b30c43543ec7a71a97&amp;postSlug=costco-starts-selling-platinum-bars-gold-silver-retail-success-2024-10&amp;site=bi&amp;u=https%3A%2F%2Fwww.costco.com%2F1-oz-platinum-bar-pamp-suisse-lady-fortuna-veriscan-new-in-assay.product.4000284790.html">a web listing</a>. According to the listing, the item, which is only available to Costco members, is 999.5 pure platinum and Swiss-made. The bar features an image of Lady Fortuna, the goddess of chance, luck, and fate.While the price of platinum is about flat year-to-date, it is up 14% over the past year, with futures trading at about $1,000 per ounce on Thursday.Costco sales of the one-ounce platinum bar appear to have begun sometime in the past two months, with the product already racking up 14 five-star reviews from verified purchasers."Great addition to any precious medals collector. I have purchased gold coin and bars, this is 1st I spotted the platinum bar on here. It seemed to be fair priced and good deal with the cash rewards back!" one buyer said in their review.Costco imposes a limit of one transaction per membership, with a maximum purchase of five bars.The sale of platinum bars comes about a year after Costco started selling gold bars and silver coins, and it's grown into a big business for the company, as it typically sells out of its gold inventory in just a few hours once the product goes online."I've gotten a couple of calls that people have seen online that we've been selling gold - 1-ounce gold bars. Yes, but when we load them on the site, they're typically gone within a few hours and we limit two per member," Costco CFO Richard Galanti said in an earnings call last year.Costco's gold and silver sales <a target="_blank" class="" href="https://www.businessinsider.com/costco-gold-bars-silver-coins-monthly-sales-wells-fargo-bullion-2024-4">have surged to $200 million a month</a>, Business Insider previously reported.But while the company is selling a lot of precious metals, it's probably not making much of a profit from them, which is not unique to its operating model of relying on its membership fees for profits."Pricing at that level and shipping costs suggests it's a very low profit business at best," Wells Fargo retail analyst Edward Kelly <a target="_blank" class="" href="https://www.businessinsider.com/costco-gold-bars-silver-coins-monthly-sales-wells-fargo-bullion-2024-4">said earlier this year.</a>

Costco is selling platinum bars as it expands its precious metals business after huge success selling gold

<ul class="summary-list"><li>Goldman Sachs predicts gold will hit $2,700 per ounce by early 2025, representing a 7% rise.</li><li>Gold is up 21% year-to-date, outperforming the S&amp;P 500.</li></ul>Investors should "go for gold" of all the commodities available to buy as it looks poised to continue its record rally into 2025, according to Goldman Sachs.The bank said in a Sunday note that <a target="_blank" class="" href="https://markets.businessinsider.com/commodities/gold-price">gold</a> should hit $2,700 per ounce in early 2025, representing potential upside of about 7% from current levels.Gold traded at about $2,523 per ounce Monday morning and is up about 21% year-to-date, <a target="_blank" class="" href="https://www.businessinsider.com/gold-price-prediction-buy-record-highs-central-banks-pile-in-2024-8">outpacing the gains of the S&amp;P 500 so far this year.</a>"In this softer cyclical environment, gold stands out as the commodity where we have the highest confidence in near-term upside," a team of Goldman Sachs analysts led by Samantha Dart said.Dart highlighted that other commodities like oil, natural gas, and copper don't look nearly as attractive as gold based on the current setup.Dart offered three reasons why investors should continue to buy the shiny metal.<ol><li>"We believe that the tripling in central bank purchases since mid-2022 on fears about US financial sanctions and US sovereign debt is structural and will continue, reported or unreported."</li><li>"Imminent Fed rate cuts are poised to bring Western capital back into the gold market, a component largely absent of the sharp gold rally observed in the last two years."</li><li>"Gold offers significant hedging value to portfolios against geopolitical shocks including tariffs, Fed subordination risk, and debt fears."</li></ol>Dart estimated that gold could surge 15% in a hypothetical scenario where credit spreads widen due to rising debt concerns or if financial sanctions equivalent to the rise seen since 2021 occur.The demand for gold from China's central bank <a target="_blank" class="" href="https://www.businessinsider.com/gold-price-expensive-china-central-bank-stopped-buying-spot-pboc-2024-6">has softened recently as gold prices have surged.</a>But Dart said that if gold prices decline slightly, China's central bank would likely reenter the market with big purchase orders, protecting against a big downside move in the price of commodity."We believe that the same price sensitivity also insures against hypothetical large price declines, which would likely reinvigorate Chinese buying," Dart said. "Our preferred near-term long is gold," she added.

3 reasons to pile into gold with the metal poised to rally in 2025, according to Goldman Sachs

<ul class="summary-list"><li>The precious metal climbed over $2,465 on Tuesday, eclipsing its record high reached in May.</li><li>Hopes for a September rate cut are sending gold higher, JPMorgan said.</li></ul>The price of <a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">gold</a> pushed past its all-time high on Tuesday, as the Federal Reserve and Donald Trump help boost the metal.Prices surged 1.77% as of 2 p.m. ET, reaching over $2,465 per ounce. The fresh high outpaced the peak in May of $2,450 per ounce, and comes as the metal has climbed 6% this month.According to JPMorgan, that's because rising confidence in lower interest rates is a boon for gold: the metal is a non-interest bearing asset, and outperforms when rates eventually fall.The bank expects the Fed to slash rates starting in September, joining a chorus of similar Wall Street forecasts. Encouraging the outlook was June's benign consumer price index report, which saw inflation decline 0.1% month-to-month."Our analysts remain bullish on gold prices into year-end, seeing prices rising towards $2,500/oz in 4Q24 as the onset of a Fed cutting cycle restokes western investor demand via both futures and ETF holdings, driving the next leg higher in prices," JPMorgan said.Last week's gold market inflows reached their highest in eight weeks, totaling $10.9 billion, the bank said.Meanwhile, the <a target="_blank" href="https://think.ing.com/articles/gold-monthly-the-bull-run-is-not-over-yet/">looming US election</a> has also become a factor in gold's uptick.Sources told <a target="_blank" href="https://www.ft.com/content/e9231adf-8f08-4dea-824c-b9723dc5d866">The Financial Times</a> that a second Trump term is a chief tailwind for gold. The metal might seem more appealing amid Trump's tariff and tax policies, they said, which could <a target="_blank" href="https://www.businessinsider.com/trump-economic-outlook-recession-inflation-china-tariffs-biden-president-election-2024-3">boost inflation</a> and deepen the budget deficit.In a note, UBS added that near-term political uncertainty could create market swings that make gold more attractive, amplifying its role as a safe haven asset.For now, technical measures indicate growing upside momentum for gold, with no signs of overbought levels, Trade Nation's David Morrison wrote on Tuesday."Yet buyers could decide to exercise some caution, given the sudden price plunges that have appeared to come out of nowhere," the senior market analyst said. "We've seen these on several occasions, most recently in April, May and June."

Gold price hits an all-time high as bets on rate cuts and a Trump win fuel the precious metal

<ul class="summary-list"><li>Trump's election win sparked a surge in the S&amp;P 500, but risks from China loom.</li><li>China could significantly retaliate against Trump's proposed 60% tariff, Capital Economics said.</li></ul>The stock market <a target="_blank" class="" href="https://www.businessinsider.com/how-to-invest-trump-win-election-stock-market-outlook-strategy-2024-11">has zoomed higher</a> since President-elect Donald Trump's win last week, with the <a target="_blank" class="" href="https://markets.businessinsider.com/index/s&amp;p_500">S&amp;P 500</a> notching a quick 5% gain.Yet, while Trump's win opens the stock market to potentially more upside <a target="_blank" class="" href="https://www.businessinsider.com/market-impact-presidential-election-scenarios-trump-harris-stocks-bonds-crypto-2024-10">via tax cuts and deregulation</a>, it also <a target="_blank" class="" href="https://www.businessinsider.com/stock-market-crash-risk-outlook-trump-deportation-tariff-anthony-scaramucci-2024-11">makes it more vulnerable to other risks.</a>According to chief market economist John Higgins of Capital Economics, the biggest risk looming for the S&amp;P 500 is China, specifically, its potential reaction to another Trump trade war."Perhaps the biggest risk to the S&amp;P 500, given that a bubble in the index has been inflated by hype around AI, would be a retaliatory clampdown by China on US big-tech firms' operations in its territory," Higgins wrote in a Monday note.During his campaign trail, Trump proposed a 60% tariff on all goods imported from China, which would be a sharp escalation from the 25% tariffs he placed on a select list of goods during his first administration.If Trump's proposed 60% tariff against China is enacted and the country responds aggressively, it would likely pressure some of America's most important companies, like <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/aapl-stock">Apple</a> and <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/tsla-stock">Tesla</a>, which manufacture and sell their products in the country.China can do anything from restricting the sale of goods from American companies within its country to disrupting American companies' manufacturing operations.But Higgins believes that's an unlikely outcome, as an escalating trade war would hit China's already struggling economy."Retaliating in that way would undermine the image China has been trying to cultivate of a responsible superpower," Higgins said, adding that if it responds too aggressively to a second round of Trump tariffs, it could lose access to technologies that are integral to AI.Instead, China would likely take a more targeted approach in responding to a second round of Trump tariffs."We suspect China would retaliate in more subtle ways, such as restricting supply of rare earth metals and older generation semiconductor chips," Higgins said.

The biggest risk to stocks after Trump's victory is China's reaction to a trade war, research firm says

<ul class="summary-list"><li>US stocks raced to record highs after the 2024 presidential election concluded.</li><li>Investors seem certain that President-elect Donald Trump's policies are best for stocks.</li></ul>Wall Street is in love with Donald Trump, as if there was ever any doubt.A robust, multi-year bull market rally for US stocks reached another gear after the businessman-turned-politician <a target="_blank" href="https://www.businessinsider.com/donald-trump-wins-presidential-election-race-2024-11">won the presidential election</a>. The S&amp;P 500 just topped 6,000 for the first time ever, and the tech-focused Nasdaq Composite is also in uncharted territory.Traders are convinced that the bulk of <a target="_blank" href="https://www.businessinsider.com/donald-trump-election-victory-impact-investments-costs-housing-taxes-childcare-2024-11">Trump's economic policies</a>, which include tax cuts and fewer government regulations, will create a business-friendly backdrop that drives stocks higher."Investor sentiment is pro-growth, pro-deregulation, and pro-markets," said David Bahnsen, the chief investment officer at The Bahnsen Group, in recent commentary sent to Business Insider.<h2 id="3e5bdf8a-fc97-4e3d-a950-f23703f0015e">'Animal spirits' have been unleashed</h2>While some are skeptical of the consensus view, <a target="_blank" href="https://www.businessinsider.com/stock-market-outlook-trump-president-economy-tariffs-trade-war-kelly-2024-11">including those who are terrified about tariffs</a>, it looks as if investors broadly are scrambling to add exposure to equities. A staggering $22 billion flowed into exchange-traded funds on Wednesday, which was more than four times higher than the previous record for the day after the US election, according to State Street Global Advisors.Markets may hate uncertainty even more than tax hikes, so it's possible that a Kamala Harris win also could have sparked a relief rally.But that might dismiss how ecstatic big-money investors are about another Trump term, given that the S&amp;P 500 rose over 50% from his victory in 2016 until shortly before the pandemic."Business animal spirits could be rekindled once again from Trump's pro-business approach, which could lead to a more robust capital expenditures and investment environment," said Jeff Schulze, the head of economic and market strategy at ClearBridge Investments, in commentary.That term, "<a target="_blank" href="https://www.investopedia.com/terms/a/animal-spirits.asp">animal spirits,</a>" was coined in the 1930s by famed economist John Maynard Keynes, who remarked that investors' decisions are often driven by intense emotions like greed and fear.Anthony Saglimbene, Ameriprise's chief market strategist, borrowed Keynes' famous phrase to make the same point as Schulze: investors may be euphoric for the foreseeable future."Animal spirits through year-end could push major averages higher as the overhang of the election is removed and investors look to put excess cash to work in stocks," Saglimbene said in commentary.<h2 id="648d2368-71e0-40ed-9ed5-95b7faf9578c">How to invest after Trump's win</h2>Although the US economy <a target="_blank" href="https://www.businessinsider.com/economy-outlook-tariffs-trump-trade-war-slowdown-jpmorgan-david-kelly-2024-10">looks healthy by most measures</a>, many market strategists are counting on an even bigger boom under Trump that <a target="_blank" href="https://www.businessinsider.com/stocks-to-buy-election-investing-strategy-2016-comparison-morgan-stanley-2024-11">would benefit economically sensitive stocks</a>."This broad 'risk-on' mood for the U.S. stock market is cutting across all sectors, but particularly favoring more cyclically sensitive sectors that would benefit from a re-strengthening of the economy and tailwinds to corporate profitability," said Jim Baird, the chief investment officer at Plante Moran Financial Advisors, in written commentary sent to BI.Sectors that are heavily reliant on economic growth, like energy and financials, will stay hot, said Sébastien Page, the head of global multi-asset at T. Rowe Price, in a recent interview."I don't think it's over the top," Page said of the postelection market rally.Several of the strategists and investment chiefs that Business Insider leaned on for this story also cited small caps as a top idea, provided that the economy stays strong and taxes fall."Enough people had been worried about, 'Could we have a credit cycle? Could we have an economic slowdown into next year? What would increases in taxes and regulation do?'" said Sean Gallagher, the global head of Lazard's small-cap equity platform, in an interview.He continued: "Now that's off the table. I think it just increases small-business optimism. I think it'll increase <a target="_blank" href="https://www.investopedia.com/terms/c/capitalexpenditure.asp">CapEx</a>, which has been kind of held back."Smaller companies performed admirably early on in Trump's first tenure, though <a target="_blank" href="https://www.businessinsider.com/cheap-stocks-to-buy-strong-growth-market-outlook-garp-bmo-2024-10">they've lagged large caps for years</a>. Gallagher is highly optimistic about the group again, both because of the economic environment and their valuations, which are <a target="_blank" href="https://www.businessinsider.com/stocks-to-buy-small-mid-caps-market-rotation-outlook-bmo-2024-10">startlingly cheap relative to their peers</a>.Schulze from ClearBridge is also aboard the cyclical and small caps train. The strategist is fired up about what Trump's penchant for lower taxes and limited regulations means for industrials, consumer discretionary stocks, and financials.Saglimbene from Ameriprise concurred again that "the backdrop for financials could improve, as less regulation and the potential for merger/acquisition and capital market activity accelerate."Add the technology sector to the list of winners from less governmental oversight, Bahnsen said. Tech companies seem like a clearer beneficiary since the Federal Trade Commission (FTC) should be less hostile to their interests.For all the optimism in markets, some strategists are branching out from stocks.Jim Thorne, who's the chief market strategist at Canada-based wealth management firm Wellington-Altus, said in commentary that he's most interested in gold and bitcoin, which some have referred to as the yellow metal's digital doppelgänger.The world is awash with cash, making scarce assets like gold and bitcoin more valuable, and Thorne also noted that global economic growth is slowing. That suggests that the path forward for risk assets may not be smooth — even if Trump is successful in his second term."Investors should brace for volatility and shifts in market leadership as we transition to a peacetime economy, shaped by Trump's policies," Thorne said in written commentary.

'Animal spirits': 7 market strategists share how to ride the red wave as US stocks surge to new records

<ul class="summary-list"><li>Goldman Sachs projects the price of gold will climb 8% to $3,000 an ounce by the end of 2025.</li><li>They cite central bank buying, Fed rate cuts, and continued safe-haven interest as reasons.</li></ul>A <a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets">gold</a>-buying spree has turned the <a target="_blank" href="https://markets.businessinsider.com/news/commodities/gold-price-record-high-became-etf-interest-rates-trump-costco-2024-10">yellow metal into one of this year's hottest investments</a>.Though the commodity has already soared more than 30% year-to-date, Goldman Sachs anticipates that there's even more upside in store next year.In a note published Tuesday, the bank projected that gold will reach $3,000 an ounce by the end of 2025, implying an 8% increase from its current price.It offered three reasons for the forecast:First, high demand from central banks will continue, though Goldman does expect gold buying to slow next year.Central banks have sought gold with new intensity since Western sanctions were placed on Russia for its invasion of Ukraine. Some countries treated this as a lesson to diversify reserves away from the greenback, prompting high demand for the bullion metal."We assume that central bank purchases will moderate to a monthly pace of 30 tons — about a third of the elevated 85 tons average monthly pace observed since 2022, but structurally higher than the 17 tons monthly average pace before the freezing of Russia's reserves—by end-2025," analysts wrote.<div type="image" title="Chart showing the surge in central bank gold purchases since 2022" height="1310" width="2192" msid="114820099" hostid="261" sizebytes="75042"></div>Second, easing US interest rates will gradually boost Western ETF holdings backed by gold.Goldman expects the Federal Reserve to reduce the fed funds rate to the 3.25%-to-3.5% range midway through 2025. Since the gold doesn't yield interest, easing monetary policy typically boosts gold's competitiveness. When rates are high, the commodity loses out against other interest-bearing assets.In a September note, Goldman found that gold-backed ETFs rise gradually for a six month period as rate cuts occur. This boost matters to the price of gold since rising ETF holdings bear down on the physical supply of the metal.Third, <a target="_blank" class="" href="https://markets.businessinsider.com/news/commodities/gold-safe-haven-treasurys-us-national-debt-bofa-fiscal-expansion-2024-10">safe haven investors</a> will have more reason to keep piling into gold.Goldman said speculative positioning has risen to high levels over geopolitical and inflationary concerns. The bank anticipates that this could normalize as uncertainty softens gradually after the election, which could prompt some near-term downside risk to the price of gold.However, analysts wrote that gold will remain an attractive hedge in the long term amid a potential escalation of new tensions. These include <a target="_blank" href="https://markets.businessinsider.com/news/stocks/trump-tariffs-china-election-consumer-stocks-earnings-ubs-2024-10">trade disputes</a>, threats to the <a target="_blank" href="https://www.businessinsider.com/interest-rate-cut-trump-fed-powell-reaction-independence-history-2024-9">Fed's independence</a>, <a target="_blank" href="https://www.businessinsider.com/harris-trump-fix-national-debt-how-to-invest-portfolio-protection-2024-10">US debt fears</a>, and the chance of a future recession.

You Searched For "Metals" and got 6 results

Costco is selling platinum bars as it expands its precious metals business after huge success selling gold

Matthew Fox

3 reasons to pile into gold with the metal poised to rally in 2025, according to Goldman Sachs

Matthew Fox

Gold price hits an all-time high as bets on rate cuts and a Trump win fuel the precious metal

Filip De Mott

The biggest risk to stocks after Trump's victory is China's reaction to a trade war, research firm says

Matthew Fox

'Animal spirits': 7 market strategists share how to ride the red wave as US stocks surge to new records

James Faris

3 reasons why surging gold prices will climb another 8% by the end of 2025, Goldman says

Filip De Mott

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