Gold futures slightly gained on Thursday as investors were uncertain over the implementation of QE3 in United States. Moreover stronger US dollar also kept pressure on base metals.

Gold futures price for August delivery gained 0.2 percent or $3.80 to $1,589.30 per ounce on Comex trading session of New York Mercantile Exchange. The respective contract touched the day’s high of $1,594.90 per ounce on Thursday.

Among other base metals, Silver futures contract for September delivery jumped 1.4 percent or $0.54 to $38.69 per ounce. Copper futures contract for September delivery slipped 0.5 percent or $0.02 to $4.38 per pound.

Platinum futures contract for October delivery soared 0.4 percent or $7.30 to $1,774.30 per ounce whereas its sister base metal palladium futures contract for September delivery dropped 0.1 percent or $0.65 to $783.35 per ounce. This will not help those who look to send money abroad for business.