A Seoul-based trader has claimed today (August 6th) that Gold Investment interest will continue to rise if the US dollar struggles to regain its momentum, Bloomberg reports.

New figures indicate that American companies cut 371,000 jobs over the course of July, suggesting that the country will be forced to rein in its spending in the coming months.

Charles Lee of Eugene Investment and Futures explained that the yellow metal is likely to remain closely linked to the greenback, with which it shares an inverse relationship.

He told the news provider: "The course of the dollar is a crucial cue to the movements in commodities including gold. Some of the weak US data is denting risk appetite."

Meanwhile, a London-based independent firm revealed last week that US hedge fund managers are currently focusing on making a Gold Investment in the current climate.

Moonraker, which has managed over $330 million worth of assets at BDO Stoy Hayward Investment Management since September 2003, found that 20 of 22 managers surveyed have bought Gold Bullion.

"Gold is the ultimate currency, performing best when economies are at extremes, whether that is inflationary or deflationary," said chief investment officer Jeremy Charlesworth.

"The managers I met in the US know that if the politicians get the quantitative easing programme wrong, then the value of money relative to real assets will dwindle."

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