Gold's safe-haven status shines amidst banking risks and market fluctuations.

Gold prices fell on Monday after hitting a one-year peak of over $2,000 earlier in the day, as investors booked profits amid banking fears and increasing bets of a rate pause by the Federal Reserve. Gold is considered a safe-haven asset during times of financial uncertainty, while lower interest rates reduce the opportunity cost of holding the non-yielding bullion. Investors will keenly watch a Fed policy decision due on Wednesday. Fitch Solutions expects significant price volatility in the coming weeks, but gold prices to remain elevated.