A FRESH surge of investment in exchange traded flows (EFT) is one of the factors behind yet another bout of record-setting gold prices in the last week. Powell is due to give a highly anticipated speech on the economic outlook later on Tuesday, after the quarterly rate forecasts that accompanied last week’s rate decision, reported Bloomberg News. Again, developments in the US have weakened the US dollar, which has added further upside to the gold price, in our view,” he said. Metals Focus, a UK market consultancy, said in the longer term the market remained supportive of gold. “Beyond the short-term, however, the macroeconomic and geopolitical backdrop remains supportive of gold investment and prices,” it said in a weekly note.