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Here's a good essay on the subject: https://middle-earth.xenite.org/where-have-all-the-dragons-gone/ How do you know? Anyway, it's not really about gold as such. Melkor was there in person in Angband, so he could empower the dragons directly.

“My armor is like tenfold shields, my teeth are swords, my claws spears, the shock of my tail a thunderbolt, my wings a hurricane, and my breath death!" The point about the gold though - a winged firedrake draws its power from the vast energies that Morgoth disseminated into the very substance...