The continuing decline of the American dollar, in addition to disappointing reports on the US service sector growth has lead investors turning to more stable assets such as gold and other metals.

Major mining companies such as Anglo American, BHP Billiton and Vale experienced steep spikes in their share prices. Anglo American closed 15 percent higher, with a peak rise of 25.2 percent, while BHP Billiton and Vale rose by nearly 8 percent and 14.7 percent respectively.

Gold also continued its overdue climb with the longest rally in five months.