Gold prices settled lower on Tuesday, as economic optimism and another intraday record high in U.S. equities sapped bullion's safe-haven appeal.
European shares pared losses to close at five-year highs on Tuesday, after influential hedge fund manager David Tepper told CNBC he is "definitely bullish" on stocks.
The 5.4 percent earnings yield is considerably below its historical average, but nearly triple the 1.9 percent yield of the 10-year Treasury.
U.S. stock index futures signaled a lower open on Tuesday, as fears that China's central bank will not provide stimulus to boost its economy saw the Shanghai Composite fall to a one-week low.
U.S. Treasurys prices reversed the previous day's slide as U.S. stock markets appeared poised for a lower opening.
The strong rally this year is being met with a heightened level of supply, setting up a big bet that retail investors will keep buying what Wall Street is selling.
Shanghai stocks fell to a one-week low on Tuesday amid fears that the People's Bank of China would not provide monetary stimulus to support the economy while Asia's other equity markets were mixed ahead of Australia's budget release.
Japan's radical monetary policies has created the most volatile government bond market in the world, analysts say.
The dollar gained for a third straight session against the yen and euro on Monday as data showing a rise in U.S. retail sales assuaged fears of an economic slowdown.
Gold fell 1 percent on Monday as stronger U.S. retail sales data inspired economic hopes and reduced the safe-haven bid for gold.
Prices for U.S. Treasurys fell as data showed U.S. consumers unexpectedly increased their buying last month, suggesting underlying strength in the world's biggest economy.
Crude oil prices were hit by slowing oil demand in China and data showing the biggest drop for U.S. retail gasoline sales in more than four years.
Most Asian stock markets closed in positive territory on Monday with a weaker yen propelling Japan's benchmark Nikkei index to a fresh five-and-a-half-year peak, while the Shanghai Composite pared losses following a raft of lower-than-expected economic data from the mainland.
Prices for U.S. Treasurys fell on Friday, pushing yields to their highest levels in about a month in a half, after the dollar shot up past the key 100-yen mark and spurred selling in longer-dated government debt.
The yen tumbled to its lowest in more than four years against the dollar on Friday on data showing Japanese investors were buying more foreign assets.
Crude slid on Friday as rising fuel supplies and a stronger dollar put oil under pressure.
Gold fell nearly 1.5 percent as a sharp rise in the dollar against the Japanese yen triggered technical selling, sending the metal to a two-week low.
Asian investors enjoyed a strong risk-rally on Friday with both Japanese and Australian equities extending their bull run after the yen weakened through the key 100-mark against the U.S. dollar for the first time in four years.
The U.S. dollar skyrocketed to its highest level against the Japanese yen in over four years on Thursday, piercing the key technical and psychological 100 yen-per-dollar mark.
U.S. Treasury debt prices dipped slightly on Thursday, easing late after the dollar jumped to a four-year high against the Japanese yen, breaking through the key 100-yen mark and spurring selling in longer-dated government debt.
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.
Asian shares dipped on Tuesday following losses on Wall Street after U.S. manufacturing activity hit a three-year low in November.
As the Chinese boom slows Hermes, Remy and other posh names are still going full throttle in Asia.
The worst US drought in over 50 years is pushing commodity prices to record highs.