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Two Law Enforcement Officers Fatally Shot in Gunfight Near Syracuse, NY.

Two brave police officers lost their lives in a tragic shootout near Syracuse, New York, on Sunday evening. The officers were investigating a stolen vehicle in Salina, N.Y., when a suspect opened fire on them, resulting in a deadly confrontation. The Syracuse Police Chief, Joseph L. Cecile, confirmed the devastating news to reporters early Monday morning, revealing that the officers were shot while approaching a parked vehicle.

In addition to the two officers who were fatally wounded, several other individuals were injured in the shootout, including an officer from the Syracuse Police Department, a sheriff’s deputy from Onondaga County, and one male suspect. Tragically, all three succumbed to their injuries and were pronounced dead at a nearby hospital. The incident unfolded after two Syracuse officers attempted to stop a suspicious vehicle around 7 p.m., but the driver fled the scene, leading to a pursuit and ultimately the tragic shootout.

Authorities later tracked the vehicle’s license plate to a residence in Liverpool, a village in Salina, where they received information suggesting that the driver may be armed. In response to the escalating situation, the Syracuse officers sought assistance from the Onondaga County Sheriff’s Office. Onondaga County Sheriff Tobias Shelley addressed the media on Sunday night, assuring the public that the situation was contained and there was no ongoing threat to the community.

The news of the fallen officers sent shockwaves through the Syracuse community, with Mayor Ben Walsh describing it as a “dark day” for the city. At a press conference on Monday, Mayor Walsh expressed his condolences to the families of the officers and emphasized the profound impact of their sacrifice on the entire community. The senseless violence that claimed the lives of these dedicated law enforcement officers serves as a stark reminder of the dangers that officers face daily in the line of duty.

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As the investigation into the shootout continues, the Syracuse Police Department and Onondaga County Sheriff’s Office are working together to piece together the events leading up to the tragic incident. The loss of these officers is a stark reminder of the risks that law enforcement officers take to protect their communities and uphold the law. The entire Syracuse community mourns the loss of these brave individuals and stands in solidarity with their families and colleagues during this difficult time.

Intellectuals Insider

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Is now the right time to invest in gold as prices have cooled?

Now may be the time to buy gold following a recent lull in its price.

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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.

Joshua Rodriguez

Joshua Rodriguez is a personal finance and investing writer with a passion for his craft. When he’s not working, he enjoys time with his wife, two kids, two dogs and two ducks.