On Thursday, July 26, gold futures edged higher as Mario Draghi said the ECB will do whatever is needed in order to save the Euro and amid growing expectations of another quantitative easing in the U.S. December gold jumped 0.6 per cent to $1,621.60 per ounce during today's New York trading session. At the same time, silver futures for September settlement advanced by 0.6 per cent to $27.635 per ounce.