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Investors have been rushing to buy gold from Costco whenever the retailer offers limited quantities of the precious metal on its website. Even with a limit of two per member, bargain hunters and gold buyers have been scrambling to snatch up the bullion. Costco has declined to comment on this.
In other news, some investors believe that now is a good time to invest in midcap stocks which are companies with market capitalizations between $2 billion and $10 billion. These stocks are considered financially stable, have growth potential, and offer industry diversification.
For investors, keeping an eye on the strength of the dollar is crucial these days. As U.S. companies earn more overseas, the performance of the greenback has a significant impact on quarterly results and often on the direction of the stock market. However, some remain skeptical about the dollar's role, as inflation reduces the value of dollar-based assets, high interest rates tend to slow the economy, and surging federal debt levels could make the U.S. less attractive to investors.
Anita Johnson-Brown|The Los Angeles News
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