Gold settled about 1 percent lower on Tuesday amid higher equities and worries that physical demand could ease due to the recent rally.
The dollar rose versus the yen on Tuesday, helped by renewed talk that the U.S. Federal Reserve may announce a further taper next week.
U.S. stocks were mixed on Friday, as Wall Street gauged corporate earnings.
U.S. Treasury prices slipped on Tuesday with benchmark yields edging up from five-week lows.
European equities closed lower on Monday after data showed that growth in China continued to slow.
U.S. stock index futures pointed to a higher open on Tuesday, when trading will be dominated by earnings from a host of major companies.
Brent crude edged lower towards $106 per barrel on Monday, weighed down by data which showed China's oil consumption slowed in 2013.
Gold climbed to its highest in nearly six weeks on Monday as a dip in equities lifted the metal's safe-haven appeal and improved investor confidence.
The euro recovered slightly from a two-month low against the dollar on Monday, helped by higher short-term market interest rates.
Brent crude reversed early losses, following U.S. oil higher as crude inventories posted their steepest drop in more than a month last week.
Market Overview Asia Pacific
U.S. stock index futures turned higher on Friday, helped by strong earnings reports from two sector bellwether stocks.
U.S. Treasurys rose on Friday as housing and industrial production data came in largely as expected and as trading volumes were light.
Crude rose, with Brent oil reversing course from a two-month low, driven higher by demand for heating fuels and rising gasoline prices.
Gold settled higher and snagged a modest weekly gain after a string of US data showed more strength in the recovery of the world's largest economy.
The dollar rose after fresh data supported the view the US economy is improving enough to keep the Fed's stimulus-reducing measures on track.
Trade in Asian equity markets was subdued on Friday after underwhelming U.S. earnings results pulled the plug on Wall Street's two-day rally.
Stocks rose on Wednesday as manufacturing in the New York region expanded.
Gold closed lower after strong US data and optimistic global growth prospects prompted a rally in the dollar and equities.
U.S. stocks ended lower on Thursday as Best Buy Co. fell sharply.
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