SPDR Gold Shares ( GLD ), tracking a 10th of an ounce of bullion, jumped 1.82% to 166.20 in heavy volume. Gold prices rallied along with the stock market from oversold levels Tuesday as investors cast overwhelming support for precious metals and energy producers on Election Day. "First, the Australian central bank's decision not to raise rates was driven by a view that growth is back on track in China and, to a much more moderate degree the U.S." Keep in mind that commodity-centric Australia is prone to inflation, they noted.