Costco Daily Recap, FedWatch Increases Rate Cuts in 2024, Gold and Silver Charts
Weekly Recap for the Week Ending May 3, 2024
1. Costco Daily recap (April 26 - May 2)
These daily deals in Costco bullion were captured over the last week.
(4/26) 1 oz Gold Bar PAMP at Costco... $2,399.99
(4/29) 2024 1 oz American Silver Eagles 20-count at Costco...$659.99
(4/30) 2024 1 oz Gold Eagle Coin at Costco... $2,379.99
(5/1) 2024 1 oz Maple Leaf Gold Coin at Costco... $2,349.99
(5/1) 2024 1 oz Canada Maple Leaf Coins 25-count at Costco...$739.99
(5/2) 1 oz Gold Bar PAMP at Costco... $2,369.99
(5/2) 25 x 1-gram Pamp Multigram Gold Bar at Costco... $2,049.99
(5/2) 50 Gram PAMP Gold Bar at Costco... $3,799.99
(5/2) 100 Gram PAMP Gold Bar at Costco... $7,499.99
Read more: 40 Emergency 'Go Bag' Essentials From Amazon
2. FedWatch increases rate cuts this year to two
Friday's disappointing jobs report, showing slower growth and higher unemployment, increased expectations for the Federal Reserve to cut interest rates. The CME Group predicts (red shade) one rate cut in September and another in December, totaling 50 basis points.
3. Gold and silver charts
Gold
There were only a few deals (green shade) in the gold coins over the week, nothing significant. Buyers of physical gold bullion continue to pull back (blue shade).
Silver
Regular-price (blue shade) silver bullion volume has slowed significantly from February volume. Buyers are still not willing to chase physical silver prices higher.
Disclaimer: City Stacker is intended to provide general information and personal opinions related to disaster preparedness and investing in precious metals. I am not a certified financial planner (CFP), chartered financial analyst (CFA), or a certified public accountant (CPA). The content of this publication should never be considered a substitute for professional financial advice. Before taking any action based on anything within this publication, you should always consult with a qualified financial professional familiar with your unique situation. Investing involves risks, and I am not liable for any investment decisions made or results obtained from the use of information in this publication.