diff --git a/config/binutils/binutils.in b/config/binutils/binutils.in
index 0744080a..4a91a8f7 100644
--- a/config/binutils/binutils.in
+++ b/config/binutils/binutils.in
@@ -17,7 +17,6 @@ config BINUTILS_GOLD_SUPPORT
     bool
     default y
     depends on BINUTILS_GOLD_SUPPORTS_ARCH
-    depends on ! STATIC_TOOLCHAIN
 
 # Force using the BFD linker if needed. There are two options:
 # - For some C libraries (eg. glibc at least), BFD ld must be
diff --git a/scripts/build/binutils/binutils.sh b/scripts/build/binutils/binutils.sh
index 4dc33221..6ae2f7cb 100644
--- a/scripts/build/binutils/binutils.sh
+++ b/scripts/build/binutils/binutils.sh
@@ -182,6 +182,16 @@ do_binutils_backend() {
         extra_config+=("--without-zstd")
     fi
 
+    # gold links with CXXLINK/g++, not libtool, and does not understand
+    # -all-static
+    if [ "${static_build}" = "y" ]; then
+        case "${CT_BINUTILS_LINKERS_LIST}" in
+            *gold*)
+                extra_config+=("--with-gold-ldflags=--static")
+                ;;
+        esac
+    fi
+
     CT_DoLog DEBUG "Extra config passed: '${extra_config[*]}'"
 
     CT_DoExecLog CFG                                            \
@@ -211,6 +221,13 @@ do_binutils_backend() {
     fi
 
     CT_DoLog EXTRA "Building binutils"
+    if [ "${static_build}" = "y" ]; then
+        case "${CT_BINUTILS_LINKERS_LIST}" in
+            *gold*)
+                CT_DoExecLog ALL make -C gold ${CT_JOBSFLAGS}
+                ;;
+        esac
+    fi
     CT_DoExecLog ALL make "${extra_make_flags[@]}" ${CT_JOBSFLAGS}
 
     CT_DoLog EXTRA "Installing binutils"