Gold prices surge amid banking crisis and safe-haven demand.

Goldman Sachs predicts that gold prices will remain above $2,000 an ounce for the next 12 months due to the surge in safe-haven demand caused by the current banking crisis. The investment bank also reiterated its bullish outlook for the commodity sector, expecting a broad-based gain of 28%. Goldman Sachs believes that gold will be well supported by ETF inflows and a weaker US dollar caused by the end of the Federal Reserve's tightening cycle. However, a significant shift in the Federal Reserve's monetary policy would be required to push prices above $2,100 an ounce.