The S&P 500 reached a new high, closing up 0.09% to 4,701.7.

"With the Bipartisan Infrastructure Deal and the Build Back Better Agenda, 50 years from now, people will look back and say this was the moment when America decided to win the competition of the 21st century," US president Joe Biden tweeted a short while ago.

China posted a record monthly trade surplus in October, as exports rose for the 13th straight month despite supply-chain disruptions and beating estimates, Marex's Anna Stablum said from the LME desk (Singapore).

Imports came in at 26.2%, up from 17.6% a month earlier.

Copper, zinc and nickel all closed up more than 1% on the London Metal Exchange, where copper is nearing the $10,000 per tonne mark again.

Its 1.58% rise put the cash price at $9,907.50/t.

Gold has risen to $1,824 an ounce on the spot market, a two-month high.

Gold miners rose in Australian trade yesterday, where St Barbara closed up 5.23% and Evolution Mining rose 4%.

Elsewhere, copper major Freeport-McMoRan jumped 6.45% in New York and precious metals producer Fresnillo closed up 2.75% in London.