Gold strengthened as the dollar weakened. However, ANZ bank strategists expect the yellow metal to remain under pressure until the first quarter of next year. UNITED STATES MAINLY RISE REAL ACCOUNT “Gold is receiving fresh support from a weaker US dollar. However, rising real interest rates in the US remain the main headwind for unproductive gold. „Inflation remains well above the Fed’s 2% target and the US dollar could reverse course on the odd Fed comment. „We expect gold prices to remain under pressure through the first quarter of 2023.”