Gold settled higher at $1,283 on Monday as the dollar pared gains amid concerns that weaker-than-expected US retail sales could dampen the Fed's tapering plans.
The dollar rose on Monday amid anticipation of improved U.S. sales data which could hasten moves by the country's central bank to wind down its stimulus programme.
Asian stocks were modestly higher on Monday as investors breathed a sigh relief after China's latest second-quarter growth figures matched market expectations.
Oil rose to $109, led by the biggest surge in gasoline futures in four months as a string of refinery outages stoked concerns about fuel supplies in the U.S. summer driving season.
Gold futures settled lower at $1,277 per ounce as the dollar rebounded and investors booked profits after four days of gains.
European shares closed slightly lower on Friday after posting four days of successive gains, with weak data from the euro zone showing that its economic recovery still hangs in the balance.
Asian equity markets were mixed on Friday as caution ahead of Chinese growth data next week offset gains from Wall Street's record-breaking rally overnight.
The U.S. dollar fell to multi-week lows as traders scaled back expectations that the Federal Reserve will slow its asset purchases in the coming months.
Dovish words from Ben Bernanke triggered a global rally that took U.S. stocks to new closing highs and sent the dollar into its worst two-day decline in four years.
U.S. government debt prices rose on Thursday after Federal Reserve Chairman Ben Bernanke said a highly accommodative monetary policy was needed for the foreseeable future.
Crude oil futures dipped Thursday from a 15-month high as investors sold contracts to take profits after three weeks of sharp gains.
Asian stocks hit multi-week highs on Thursday after Federal Reserve Chairman Ben Bernanke voiced his support for accommodative monetary policy, but Japanese shares underperformed on the back of a strong yen.
The dollar tumbled against the euro and yen on Wednesday after the minutes from the Fed's policy meeting dented expectations of a near-term reduction in stimulus.
Gold ended slightly higher in choppy trade on Wednesday after the minutes of the Federal Reserve's June meeting showed many officials wanted more reassurance the job market was on solid ground before withdrawing economic stimulus.
Data showing a surprisingly steep drawdown in U.S. stockpiles powered U.S. benchmark crude above $106 per barrel, its highest level since March 2012.
Gold settled higher in today's trading, but it's been a disastrous three months for gold bulls.
Mainland equities outperformed on Wednesday to rally 2 percent after China's dismal trade figures spurred hopes that the People's Bank of China (PBOC) may ease policy in order to boost economic growth.
Oil prices extended their gains after a drop in U.S. crude inventories and reports of a Gulf of Mexico well leak.
Asian stocks rebounded on Tuesday from the previous day's sharp losses following a positive U.S. lead and after Chinese consumer inflation accelerated in June.
The U.S. dollar edged off three-year highs against major currencies on Monday but looked poised to resume gains after last week's strong U.S. jobs data.