Spot gold prices fell after the minutes from the Fed's latest policy meeting showed the it was surprised by how quickly the labor market is healing.
Oil pulled away from multi-month lows, as a drop in U.S. oil inventories momentarily overrode concerns about ample supplies.
Most Asian stocks reversed losses on late Wednesday as traders await the release of the U.S. Federal Reserve's meeting minutes due later in the day.
Wall Street was seen opening lower on Wednesday, with minutes from the latest Federal Open Market Committee (FOMC) meeting in focus.
Stocks rose Tuesday after data showed muted inflation and cast an upbeat light on housing.
Prices gained after a report showed CPI rose at its slowest rate in five months during July, while housing starts jumped to an 8-month high.
European shares closed higher on Tuesday, boosted by easing tensions in Ukraine and stellar earnings reports.
U.S. housing starts surged past expectations in July, snapping two straight months of declines.
Gold ended lower on buoyant equities and as the dollar strengthened after upbeat US data, while the market continued to eye geopolitical tensions.
Crude hit multi-month lows on Monday, as weak demand and easing concerns over risks to supply offset fears about geopolitical risk.
Wall Street's upbeat performance overnight, helped by a subside in geopolitical tensions, elevated Asian bourses to fresh closing highs on Tuesday.
U.S. stock-index futures pointed to a higher open on Tuesday, as global markets continued to rebound on waning Ukraine-Russia tensions.
Stocks rose on Monday as Ukraine and Russia talked about a potential truce and a round of M&A bolstered sentiment.
U.S. bonds moved lower on Monday as investors showed less appetite for safe haven assets amid an easing of the crisis in Ukraine.
European shares closed sharply higher on Monday as investors relaxed over the crisis in eastern Ukraine.
Gold settled lower around $1,300 an ounce on Monday as European and U.S. shares rebounded on an easing of tensions in Ukraine.
Oil shed more than $1 a barrel to reach its lowest in over a year, as investor concerns over conflict in Ukraine and Iraq eased.
The US dollar rose against a basket of major currencies on Monday on reduced concerns over Russia and Ukraine and positive US housing data.
Asian equities traded mixed on Monday as a cautious sentiment set in after fresh conflict in Ukraine at the weekend.
U.S. stock index futures pointed to a higher open on Monday, tracking gains in Europe and recovering from losses witnessed on Friday.
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