Crude oil prices dropped as traders anticipated the return of Libyan oil and U.S. inventory data hinted at weak demand.
Asian equity markets were mixed on the first trading day of the year while liquidity levels were low due to the holiday period.
Gold settled 1 percent higher on Friday, boosted by renewed fund buying and equities' weakness.
Stocks fell sharply on Thursday, with Wall Street headed for its first negative start to a year in six.
U.S. stock index futures pointed to a slightly lower open on the first trading day of 2014 amid fears of slower growth in China which weighed on Asian stocks.
European equities closed lower on Tuesday, after data released from the euro zone gave a mixed picture of the region's recovery.
The dollar rose against the euro as US data further supported the stance for the Federal Reserve to gradually scale back its bond-buying stimulus.
Asian stocks were mostly higher on the final day of the year but volumes were light with Japan, South Korea, Taiwan, Philippines and Thailand shut.
Oil prices fell by nearly $3 as Libya prepared to restart a major oilfield, and on speculation of a sharp rise in crude stockpiles.
Stocks on Tuesday closed 2013 at records, with the S&P 500 posting its largest annual jump in 16 years.
U.S. stock index futures pointed to a slightly higher open, in what is expected to be a thin day of trade during the last session of the year.
U.S. bonds fell slightly, as investors readied for less bond-buying by the Federal Reserve next year.
European markets closed slightly higher in a shortened session, completing their most successful year of this decade.
Gold ended lower on Monday, heading for its biggest annual loss in more than three decades at nearly 30 percent.
Brent ended 2013 nearly unchanged following turbulent year in the Mideast and Africa, while U.S. crude ended up 7 percent.
Gold's loss of luster in 2013 is confirmed as the precious metal registers its worst annual fall in over 30 years.
Stocks closed little changed on Monday, with the S&P 500 readying for its largest yearly rise since 1997.
Europe shares closed Monday lower, but the region's stock indexes are still on track to post their biggest annual gains in four years.
Wall Street looked set to build on this year's record gains, with stock index futures pointing to a higher market open.
Gold settled higher on Thursday, but was still set for its biggest annual loss in decades as investors switch to rallying equities.
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