The banking sector is a critical part of any economy. Risks associated with it have a significant impact on financial markets. Any rumours, comments, or statistics related to the banking sector can spark elevated volatility for the U.S. Dollar, Euro, gold, and indices around the world. In recent years, there were several cases when risk violations in the banking sector led to significant market volatility. For example, during the global financial crisis of 2008, the collapse of several large banks led to a severe recession and a sharp drop in the global stock market. Similarly, in 2020, the COVID-19 pandemic led to concerns about the ability of banks to withstand a sudden economic shock. As a result, markets around the world experienced significant volatility, with stock prices plummeting and safe-haven assets, such as gold, surging in value. Existing troubles within U.S. and European banks may prompt gold prices to move in a wide range between $1850-2000 per ounce.