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The S&P500, Dow Jones and Nasdaq rose as US data pointed to slowing economic growth, fuelling hopes of further interest rate cuts.
Gold rose back over US$1,400 an ounce and was worth close to US$1,419/oz on the spot market earlier.
The world's biggest gold miner Newmont Goldcorp (NYSE: NEM) touched a one-year high intraday and closed up 0.8%.
Iron ore has continued to rise, to $127.15 per tonne for 62% fines according to MySteel, amid ongoing supply constraints.
BHP (ASX: BHP) remains close to a multi-year high but was off 0.4% in afternoon Australian trade.
In London, Anglo American (LSE: AAL) and Glencore (LSE: GLEN) closed 1.99% and 0.95% lower respectively.
Finally, Avesoro Resources (TSX: ASO) was one of the bigger market risers in Toronto as it regained some value following a June plunge before a restart of operations at its Youga gold mine in Burkina Faso.
Avesoro gained about 17% or C17c to $1.19 yesterday but remains below its value of $1.52 a month ago.
