News
Fatal shooting rattles Riverside gated community on Easter Sunday
Tragedy struck a Riverside gated community this Easter Sunday when gunfire erupted in a fatal midday shooting, leaving one man dead and a woman injured. The incident has shaken the peaceful neighborhood and raised questions about the safety of residents.
The shooting took place at a home on the 7600 block of Canberra Way, prompting a swift response from city police. Upon arrival, officers found a man who had been fatally wounded and a woman who had also been shot. The woman was rushed to a nearby hospital in critical condition, where she continues to fight for her life.
A male suspect was detained at the scene by police and taken into custody for questioning. Authorities also recovered a handgun at the house, adding another layer of complexity to the investigation.
Riverside Police Officer Ryan Railsback stated that details surrounding the incident are scarce at this time, with detectives working tirelessly to uncover the events leading up to the shooting. The motive behind the attack remains unknown, leaving the community on edge as they await answers.
As investigators delve into the case, they are focusing on determining the relationship between the suspect and the victims. While it is confirmed that the individuals were acquainted with each other, the nature of their connection is still under investigation.
“We believe that they all know each other,” Railsback said. “I don’t know who lives at the house, if they all live there.”
The community is reeling from the tragedy, with residents grappling with the shock of violence invading their peaceful neighborhood. Many are left wondering if this incident is an isolated one or a sign of underlying issues within the gated community.
As the investigation continues, the authorities are urging anyone with information to come forward and assist in bringing clarity to the situation. The safety and security of the residents remain a top priority for law enforcement, who are working diligently to ensure justice is served in this heartbreaking case.
While the community mourns the loss of one resident and prays for the recovery of another, they are leaning on each other for support and unity in the face of this senseless act of violence.
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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Is now the right time to invest in gold as prices have cooled?