Gold, which was close to $1,780/oz less than 24 hours ago, was worth $1,803/oz on the spot market at the time of writing.
Base metals closed lower in London, with copper down 1.3%.
"The onshore macro community remains very bearish - understandable given what is going on but whilst demand has shown no signs of picking up as yet, the micro picture presents a potentially very positive picture," Marex's Al Munro said, referring to factors including low onshore stocks and shipping disruption.
Teck Resources (TSX: TECK.B) gained 4.7% following a Bloomberg report the Canada-based miner was considering options for its metallurgical coal business, including a sale or spin-off.
Copper-gold-silver explorer Filo Mining (TSXV: FIL) rose 2.5% on news it had conditional approval to graduate to the TSX.
Barrick Gold closed up 0.4%.
Finally, Anglo American - which has been making a series of share buybacks - closed down more than 3% in London.
