Gold settled higher on as investors sought safety from volatility in wider markets after Switzerland unexpectedly abandoned a cap on the franc.
Brent spiked above $50 on Wednesday, before paring gains on a strengthening dollar and global economic woes.
Shanghai shares outperformed the region on Friday, as the rest of Asia languished on heightened volatility induced by the Swiss National Bank.
U.S. stock index futures fell on Friday, with markets around the world still unsettled by the Swiss central bank's shock move on Thursday.
Stocks fell Thursday, extending losses into a fifth day.
Yields on U.S. government debt were lower on Thursday after U.S. jobless claims and producer data.
European equities rallied after a volatile session of trade on Thursday to close sharply higher, following action from the Swiss National Bank.
Oil prices fell on Thursday after weak U.S. economic data spurred worries over crude oil demand.
Switzerland's franc soared by almost 30 percent in value against the euro after the Swiss National Bank abandoned its three-year old cap.
Asian stock markets traded mostly higher amid choppy trade on Thursday, as a rebound in energy prices provided some reprieve.
Gold prices jumped more than 2 percent after earlier hitting a 4-month high on Thursday as European shares and the dollar turned lower.
U.S. Treasury prices pared some gains after the government's auction of 30-year bonds and the release of the Fed's monthly Beige Book report on business activity.
European equities closed sharply lower on Wednesday as the turmoil in global commodity markets continued.
Stocks fell Wednesday as a thrashing of commodities increased worry about the world economy.
U.S. stock index futures signaled a softer open on Thursday after the Swiss National Bank shocked global markets by abandoning its peg to the euro.
U.S. crude oil surged on Wednesday, posting its biggest one-day percentage gain since June 2012.
The persisting turmoil in commodity markets ignited risk aversion in most Asian stock markets on Wednesday, with Tokyo and Sydney equities finishing at fresh lows.
The dollar fell against the yen following after newly released data showed retail sales fell 0.9 percent, its biggest drop since January 2014.
Stocks rose Tuesday after aluminum-producer Alcoa delivers earnings and revenue that topped expectations.
U.S. stock index futures signaled a lower open on Wednesday, as weak oil prices hit copper and mining stocks and investors awaited bank earnings.
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