Gold has broken above its key resistance level at $1,900/oz this week, as a deal on a long-awaited rescue for the US economy buoyed bullion’s appeal as an inflation hedge. Congress was poised to pass a near $900 billion coronavirus-aid package, that includes another round of direct payments to Americans struggling amid the pandemic. Beyond those concerns about inflation, the precious metal found support on fears over a more infectious new strain of the coronavirus detected in the UK, which forced the imposition of a lockdown in London and surrounding areas of England.