Gold breaks $4,100 on US-China trade jitters, while silver hits all-time high

Bank of America has raised its gold price forecast to $5,000 an ounce, reflecting a strong demand for this safe-haven asset. This comes after gold prices recently surpassed $4,000 for the first time, indicating a significant shift in investor sentiment towards precious metals amid economic uncertainties. This bullish outlook is important as it highlights the growing confidence in gold as a reliable investment during turbulent times.

David Malpass argues that the Federal Reserve needs to reassess its inflation models in light of the rising value of gold. This discussion is crucial as it highlights the challenges central banks face in managing inflation and the potential implications for monetary policy. Understanding these dynamics can help inform future economic strategies.

Western Alaska is facing a severe crisis as the remnants of Typhoon Halong have caused widespread flooding, leaving many people missing and prompting rescue efforts for dozens. This situation is critical as it highlights the vulnerability of communities to extreme weather events, raising concerns about climate change and disaster preparedness in the region.

In a recent preseason game, Knicks coach Mike Brown opted to sit his starters during a 120-103 loss to the Wizards. This decision allowed him to better evaluate the rest of the roster, which is crucial for making informed choices as the regular season approaches. While the loss may not be ideal, it provides valuable insights into player performance and team dynamics.

A former student has been accused of stabbing three staff members and planting incendiary devices near a special needs school in California. This alarming incident highlights the ongoing concerns about safety in educational environments, particularly for vulnerable populations. The swift response from the Los Angeles Sheriff's Department's bomb squad underscores the seriousness of the threat and the need for effective measures to protect students and staff.

In a tragic incident, two brothers allegedly killed a Lyft driver and stole his vehicle, leading police on a chaotic chase. The situation escalated when one of the suspects, Ethan Bush, was fatally struck by a car while attempting to evade capture. This shocking event highlights the dangers faced by rideshare drivers and raises concerns about public safety.

The Atlanta Falcons pulled off an impressive victory against the Buffalo Bills on Monday Night Football, showcasing outstanding performances from Bijan Robinson and Drake London. This win not only boosts the Falcons' record to 3-2 but also highlights their potential as a competitive team this season, while the Bills face challenges after their second consecutive loss, dropping to 4-2.

Former LA schools chief Austin Beutner is stepping into the political arena by challenging current mayor Karen Bass. With 17 years of public service under his belt, Beutner believes he has the experience needed to steer Los Angeles back on course. His candidacy is significant as it highlights the ongoing discussions about leadership and direction in a city that many feel is currently adrift. This election could shape the future of LA, making it a pivotal moment for residents.