Gold prices testing key resistance ahead of 2021

Gold prices have continued to rise as the hopes of fresh fiscal stimulus sent the U.S. dollar to its lowest point since April 2018. Fundamental analysis: Weaker dollar heping gold prices The dollar index plunged to its lowest mark in more than 2 years after U.S. Senate Majority Leader Mitch McConnell postponed the vote on boosting coronavirus aid checks to $2,000. “The U.S. dollar index touched a new low – that’s working in favour of the gold and silver markets,” noted Kitco Metal senior analyst Jim Wyckoff. “However, upbeat risk appetite in the market place, evident by stock indexes at