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The S&P 500 reached an all-time high of 4,718.50 before closing at 4,697.53, an almost 27% gain year-to-date.
There were reasons to believe the US Federal Reserve would be in a position to hike rates twice next year, especially given the current US labour market trends, Pepperstone head of research Chris Weston said.
Nevertheless the gold price strengthened above US$1,800 an ounce for the first time this month.
It was at $1,817/oz on the spot market at the time of writing.
Still among commodities, iron ore fell, with the MySteel Australian 62% fines down 2.9% to $101 per tonne.
Finally, imminent producer Gold Mountain Mining says it's received conditional approval to "uplist" to the TSX.
Its shares (TSXV: GMTN) closed 2% lower on Friday.
