According to Bloomberg, New York Federal Reserve president John Williams said a lift in interest rates was still "way off in the future", while Federal Reserve chairman Jerome Powell told Congress that 1970s-style inflation was "very unlikely" to occur.
US stocks rose 0.5% to just below record levels. Nickel was up 1.7% to $17,724 per tonne, more than a one-week high and copper rose 1.3% to $9274.60/t, the highest so far this week.
Tin was up nearly 1.5%, while the biggest mover was cobalt, which jumped 2.3% to $45,499/t, the highest point since late April.
Gold futures were slightly weaker at $1777.40 an ounce after dropping as low as $1771.20/oz overnight.
Gold already appeared to be on the rise and was at just under $1780/oz at midweek.
