The spot gold price has hovered around yesterday's mark of US$1,243 an ounce after hitting a five-month low earlier on Tuesday.
The S&P/ASX 200 followed the S&P 500, FTSE 100 and Toronto indices in closing slightly higher.
Three miners were among the S&P/ASX 200 top gainers today, with Galaxy Resources (AU:GXY), Syrah Resources (AU:SYR) and Fortescue Metals Group (AU:FMG) up 6.7%, 4.4% and almost 3% respectively.
The lithium miner, graphite developer and iron ore miner had no news to report but the iron ore price is back above $70 per tonne, with 62% fines reaching $71.25/t on the London Metal Exchange yesterday.
Among the majors, BHP (AU:BHP) managed a 0.14% gain in Australia and Rio Tinto (LN:RIO) closed up 0.08% in London.
Glencore (LN:GLEN) closed 1.1% lower after an investor update, where the diversified miner and commodities trader said it was the best-placed large cap resources company for the electric vehicle revolution and was able and willing to grow its business.