Gold was struggling near $1,200, while silver tumbled to its lowest since early 2010, on strong U.S. economic data and fears of an early rate hike.
Brent fell below $86 as a firmer dollar and a well supplied oil market put the benchmark on course to end October with its steepest monthly fall.
The yen tumbled to its lowest level against the dollar on Friday, as the Bank of Japan wrong-footed markets by unexpectedly easing policy further.
Japan's benchmark index rallied on Friday following surprise easing measures from the central bank and updates from the world's largest pension fund.
Stocks gained Thursday after data showed the economy grew more than expected last quarter.
U.S. sovereign bond yields fell on Thursday, with the yield curve steepening.
European stocks ended the day higher on Thursday, as traders digested Wednesday's policy moves from the U.S. Federal Reserve.
Gold settled at its lowest level in nearly 4 weeks after the Fed ended its bond-buying stimulus program.
Brent crude oil slipped below $87 a barrel on Thursday as expectations that U.S. interest rates may rise sooner than previously thought pushed the dollar higher.
The dollar extended recent gains to a 3-1/2-week high, boosted by strong third-quarter growth and a newly hawkish tone from the Federal Reserve.
Asian equities ended mixed on Thursday as investors reacted to the end of quantitative easing in the U.S. and the region's latest earnings.
U.S. stock index futures traded lower on Thursday, after the Federal Reserve announced the end of quantitative easing.
Stocks were little moved Wednesday, as Facebook declined and Wall Street looked to the Federal Reserve's policy decision.
Benchmark U.S. bonds traded flat to lower on Wednesday, ahead of an announcement by the Federal Reserve after is two-day policy meeting.
European shares closed marginally higher on Wednesday, after a bumpy day of trading, as investors looked ahead to the Fed's policy statement.
Gold steadied near $1,230 an ounce, clinging to modest gains from the previous session.
Brent crude dipped below $87 a barrel on Wednesday after the Federal Reserve announced the end of its bond-buying program.
The dollar steadied as investors awaited guidance from the U.S. Federal Reserve, expected to reiterate caution on raising interest rates.
Asian equity markets followed their U.S. peers higher on Wednesday ahead of the Federal Reserve's policy statement.
Stocks rose Tuesday as investors considered earnings and an unexpected drop in orders for durable goods.
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