Brent crude oil prices hovered above $99 a barrel on Friday after surpassing $100 earlier in the session and recovering some ground.
Gold rose as physical demand encouraged speculative buying after the previous session's drop, while support also came from weak German economic data which fueled prospects the European Central Bank (ECB) could cut interest rates.
U.S. Treasurys prices edged up on Wednesday as unexpectedly weak data on durable goods and a wobbly stock market supported safe-haven demand for bonds.
Crude oil prices rose with Brent gaining more than $1 a barrel and U.S. crude up nearly $2 as stockpiles of gasoline declined in top consumer the United States, but gains were checked by the prospect of slowing fuel demand in major economies.
U.S. stock index futures were lower Wednesday, pressured by some weaker-than-expected earnings and amid worries over global growth.
Asian stocks reversed earlier losses on Friday led by a 2 percent rally in Shanghai as investors cheered news that the yuan's trading band may be widened, which offset bearish sentiment triggered by weak U.S economic data.
Stocks closed sharply lower across the board Wednesday, with all key S&P sectors in the red, following a batch of weaker-than-expected earnings and as commodities resumed their selloff amid ongoing worries over global growth.
When everyone hates a trade, it's time to buy, a contrarian explains.
Gold may have suffered its biggest one-day decline this week but that hasn't stopped some gold bulls from standing firm.
Brent crude oil edged down in reaction to weak manufacturing data in China and Europe, but it closed above $100 a barrel for the second straight day as it drew some support from strong gains in U.S. equity markets.
Gold fell to end at $1,408 on Tuesday after the outflow from the biggest gold exchange-traded fund (ETF) accelerated, investors shifted towards other assets like equities, and as a stronger dollar put pressure on prices.
The yen, which has been falling for five months, is within striking distance of the psychological 100-level against the dollar. So what could trigger a break through the key barrier?
In just under two weeks, this major currency has tumbled more than three percent. No, it's not the battered Japanese yen or beleaguered British pound.
China stocks led losses in Asian markets on Tuesday, after a preliminary survey of factory managers showed factory activity slowing in April, renewing fears of a slowdown in the world's second largest economy.
The euro hit a two-week low against the dollar after weak German data fanned concerns about the euro zone economy and speculation the European Central Bank could cut interest rates.
Oil prices tumbled on Wednesday, with Brent crude falling below $98 per barrel as rising U.S. fuel supplies added to overall concern about global oil demand.
A greater-than-usual number of companies have reported disappointing revenue results and tepid guidance this quarter, leading strategists to expect a more volatile time for stocks.
"When I look at copper, it reminds me a lot of gold before that big breakdown," one analyst said.
Gold rebounded to settle at $1,395 an ounce as strong buying of coins and bars continued, primarily in Asia, but prices were still on course for a fourth week of losses after a brutal sell-off.
The stock market was already shaky before two blasts rocked the Boston Marathon. On Tuesday, traders will be seeking answers about who was behind the attacks.
European shares were flat on Friday as talks over the "fiscal cliff" stalled.
European shares closed lower on Wednesday for a third consecutive session, with resurging worries about the global economic outlook undermining investor sentiment.
Standard & Poor's decision to cut Spain's credit rating to one notch above junk status is weighing on markets.