Comex gold futures jumped back to a near two-week high of US$1288.80 an ounce, while spot gold last traded at $1286/oz (A$1826.60/oz).
The Federal Open Market Committee will meet this week though the market is pricing in a 0% chance of a US interest rate rise.
That's despite the S&P 500 reaching a new all-time high on Friday, and US March quarter gross domestic product beating expectations.
In London, lead rose by 1.1% while aluminium fell by the same amount.
Copper rose 0.6% to $6398.75 per tonne after inventories fell.
Nickel and zinc each gained around 0.8%.
Oil dropped 2.8% as US president Donald Trump pressured OPEC to lower prices.
ASX futures were trading 2 points lower, despite mostly positive offshore leads.
The Australian dollar threatened to drop below 70c for the second time this year late last week, but was sitting at 70.41c this morning.
