News
Four Dead, Five Injured in Stabbing Attack in Rockford, Illinois
A tragic stabbing attack in Rockford, Illinois, has left four people dead and five others injured, shaking the community and sparking concerns about safety in the area. The attack, which took place in a residential neighborhood, involved a home invasion and multiple crime scenes, leaving authorities scrambling to piece together the events that led to such violence.
Carla Redd, the police chief in Rockford, addressed the media in a news conference following the attack, stating that a 22-year-old suspect had been taken into custody. The motive behind the attack remains unclear, but Redd assured the public that no other suspects are currently being sought in connection with the incident.
Of the four victims killed in the attack, a 15-year-old girl, a 63-year-old woman, and two men ages 49 and 22 were identified. Tragically, a mail carrier was among those killed in the rampage, according to a spokesman for the U.S. Postal Inspection Service.
Sheriff Gary Caruana of Winnebago County provided further details on the injured victims, including a woman who was fleeing from the suspect during a home invasion. Both she and a Good Samaritan who tried to intervene ended up with stab wounds, highlighting the chaotic and violent nature of the attack.
Mayor Tom McNamara expressed shock and sorrow over the incident, noting that the community was still recovering from a recent fatal stabbing at a Walmart just days before. The Rockford Police Department had reported a decrease in violent crimes last year, but the recent spate of violent incidents has raised concerns among residents about their safety.
Photos from the crime scene showed a large police presence in the residential neighborhood, with authorities responding quickly to calls for help. Local resident Vanessa Hy recounted the terrifying moments when police confronted the suspect in her backyard, describing a chaotic scene that left her shaken and grateful that her children were away on spring break.
As authorities continue to investigate the stabbing attack and piece together the events that led to such tragedy, the Rockford community is left to grapple with the aftermath and come to terms with the senseless loss of life. Our thoughts are with the victims and their loved ones during this difficult time.
News
Is now the right time to invest in gold as prices have cooled?
The price of gold has climbed to record highs recently and has remained strong through much of April. And, that growth continued until the precious metal traded at around $2,390 per ounce on April 19, 2024. But since, growth in the price of the precious metal has cooled, with gold’s price now hovering around $2,300 per ounce.
This lull in gold’s price may represent an investment opportunity.
In general, investing is centered around buying assets when prices are low and selling them when prices are high – generating a profit on the difference between the two. So, considering the declines in gold’s price over the past few days, now may be the time to make your investment. But is buying gold during this lull in prices really a good idea?
Compare your gold investment options among leading brokers now.
Gold prices have cooled. Should you buy in now?
With gold’s price down from recent highs, you may be wondering if now is the right time to buy in. There are several reasons the dip in gold’s price may represent an opportunity to buy. Here are some of the biggest:
Prices may rise again
If looking at a gold price chart shows anything for certain, it shows that changes in the overall growth of the medal come in fits and spurts. Periods of price growth are typically followed by periods of declines and vice versa.
But with inflation rising in recent months – and with gold’s reputation as a safe-haven asset that can hedge against inflation – it only makes sense that the price of the precious metal will eventually start to head up again in the future. While attempting to time that directional change may be tricky, buying the precious metal while the price is down gives you the opportunity to take advantage of any upward movement that may be ahead.
Add gold to your portfolio now before prices have a chance to rise.
You may be able to make a quick profit
Gold isn’t known as an asset in which you can earn a quick return, but in today’s market, that may be the case. Don’t forget that in January, gold was trading at just $2,000 per ounce. And, by mid-April, the commodity’s price had climbed to around $2,400 per ounce. That’s about 20% growth in a matter of months, much of which happened since March 1 – an impressive climb for any investment asset.
Perhaps more importantly, gold’s price growth through the beginning of 2024 shows that the commodity doesn’t have to be a buy and hold style investment that you keep in a safety deposit box or precious metal depository for years to come. There’s also the possibility that the commodity’s price could climb further ahead, making it a compelling way to potentially generate a quick profit.
There are other benefits of investing in gold
There are other benefits of investing in gold that have little to do with the price growth seen thus far in 2024 – or the lull in prices seen over the past couple of days. Those benefits include:
- Inflation protection: Gold has long been considered an inflation hedge, and for good reason. When inflation drives the prices of consumer goods and services up – and the value of the dollar down – gold’s price tends to rise. So, it could be used to maintain the value of your portfolio during inflationary economic conditions. That’s important in today’s economic environment as stubborn inflation continues to weigh on the value of the dollar.
- Portfolio diversification: Gold’s price doesn’t always move in the same pattern that bonds or stocks do. So, mixing a reasonable amount of gold into your portfolio (up to 10% of your portfolio assets) as a diversifier could protect you from losses should one or more of your traditional portfolio assets fall in value. “If you have less than 5% – 10% of your net worth in commodities & FX (forex), you should absolutely consider adding exposure to gold and other precious metals,” says Vijay Marolia, money manager and managing partner at the wealth management firm, Regal Point Capital.
The bottom line
Gold’s price has fallen from recent highs – which may represent an opportunity to tap into growth ahead. However, gold isn’t simply a “buy while it’s low and sell while it’s a high” kind of investment opportunity. The commodity can also protect your portfolio from the stubborn inflation we’ve seen thus far in 2024 while acting as a diversification tool that could increase your risk-adjusted portfolio returns. So, consider adding gold to your portfolio today while it has the potential to grow in value.
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