Crude oil futures rose for a fourth straight session on Thursday, gaining over $1 a barrel, as conviction strengthened that monetary stimulus measures from major central banks would stay in place for the time being.
The dollar slid against the euro on Thursday, after two days of gains as Federal Reserve officials downplayed expectations the U.S. central bank would start scaling back its stimulus program and said the Fed could buy bonds again if the economy weakens.
U.S. Treasury prices gained on Thursday as bond markets showed signs of stabilizing following the 7-year auction, which drew more aggressive bidding than markets had expected.
Gold settled close to the psychologically key level of $1,200 an ounce amid a lingering debate about the Fed's intention to curtail quantitative easing
Oil edged higher on Wednesday, shaking off earlier losses following a large buildup in U.S. gasoline inventories, buoyed by gains in the stock market and heavy spread trading.
Asian stocks enjoyed a relief rally on Thursday on signs of improvement in China's strained money markets and as fears of a U.S. stimulus withdrawal eased.
Gold tumbled 4 percent on Wednesday, taking it near a three-year low as a rallying U.S. equity markets further cut into demand for bullion as a hedge against economic uncertainty.
The euro declined to a three-week low against the U.S. dollar and fell against Japan's yen on Wednesday after ECB President Mario Draghi highlighted risks to euro zone growth and said monetary policy will stay accommodative.
Asian stock markets surrendered early gains on Wednesday with the Shanghai Composite index leading declines as investors continued to worry about strained liquidity conditions in China despite reassurance from the central bank.
Crude oil prices ended near flat in a sluggish day of trading on Tuesday as stronger equity markets put a floor under prices and Brent's premium over U.S. crude slid below $6.
Gold settled lower at $1,275 on Tuesday as positive housing and consumer confidence data boosted the dollar.
The Shanghai Composite halted a two-day sell-off on Tuesday on rumors that the central bank will hold a press conference with financial regulators to address liquidity conditions.
Brent and U.S. crude prices recovered from an early sell-off to three-week lows on Monday, rising as record flooding in Canada's main oil producing province threatened exports to the United States.
US government bond prices bounced back, with yields falling from near two-year highs, though investors remained nervous that the Fed could soon pare back its bond purchase program.
The euro hit session highs on Monday, rallying from nearly three week lows, in tandem with U.S. stocks paring their losses and commodities gaining sharply.
Gold settled lower at $1,277.10 on Monday, extending last week's 7 percent slide as fears of a cash crunch in China spooked investors.
The Shanghai Composite fell below the 2,000 mark on Monday to close at a fresh 2013 low with losses accelerating after comments from the central bank exacerbated fears that Beijing will not give into easing pressure.
Oil slid for a second day in choppy trade, with Brent posting its biggest two-day drop since September as the U.S. dollar rallied.
U.S. Treasurys prices fell on Friday on jitters over when the Federal Reserve is likely to begin to pare back its bond-buying program.
The U.S. dollar was headed for its biggest weekly gain in almost a year against major currencies on Friday.
Get the best of CNBC in your inbox