Gold Bar Sales Are Surging at Costco. Why?
Costco may be selling up to $200 million worth of the bars each month, according to a Wells Fargo analysis. The bars sell out quickly, and customers are trading advice online about how to get them.
Posted inCommodities Economic Conditions and Trends Inflation (Economics) Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries
Why Oil Prices Have Been Rising Recently
The increase this year, prompted by geopolitical worries and supply constraints, has sent gasoline prices higher and could hamper efforts to tame inflation.
Posted inCommodities Inflation (Economics) Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Prices (Fares, Fees and Rates) Refineries Strategic Petroleum Reserve (US)
Gas Prices Have Crept Higher This Summer, a Challenge for the Fed
Now at their highest level in 11 months, they can complicate the Federal Reserve’s campaign to rein in inflation.
Posted inCommodities Drought Food Food Insecurity Grain Heat and Heat Waves India Inflation (Economics) International Trade and World Market Protectionism (Trade) Russian Invasion of Ukraine (2022) Ukraine Weather
Heat, War and Trade Protections Raise Uncertainty for Food Prices
Experts are warning of a new normal in which food supplies — and prices — could be rocked more regularly.