Gold settled marginally higher on physical buying, but it was on track for its biggest annual loss in more than 30 years.
U.S. crude topped $100 per barrel on Friday, as U.S. oil stockpiles tumbled sharply in the latest week.
Stocks in Japan and China rose in holiday-thinned trading on Wednesday following a positive lead from Wall Street.
The euro jumped to its strongest level against the dollar in more than two years on Friday as banks adjusted positions for the year end.
Asian stocks rose on Friday as Japan's Nikkei index logged a fresh six-year high on the back of a weak yen.
Asian equity markets cheered another record close on Wall Street overnight, led by fresh six-year highs on Japan's benchmark index.
Crude oil edged higher, boosted by rising gasoline and ultra low-sulfur diesel prices, which soared to more than three-month highs.
The dollar hit a five-year high against the yen on Thursday on expectations the U.S. economy will continue a solid recovery.
Asian markets were mixed on Thursday with the Nikkei at fresh six-year highs while mainland shares were dragged down by steep losses in financials.
European equities closed marginally higher as upbeat U.S. economic sentiment continued to buoy sentiment in Europe, but with the holidays approaching, trading was thin.
Asian equity markets rose on Monday following record closes on Wall Street last week but trading volumes were thin with Japan closed for a holiday.
U.S. stocks rose on Thursday, with Wall Street continuing its record-setting advance.
Treasury yields edged higher, touching their 2-year high of 3 percent, in light trading as most investors stayed out of the market after the holiday.
Brent oil rose to a two-week high, as conflict in South Sudan threatened the country's oil output.
Gold hovered around $1,200 as activity slowed before Christmas, while signs of a steady U.S. economic recovery could deter investor interest.
U.S. stock-index futures tilted higher on Tuesday after orders for U.S. durable goods rose 3.5 percent in November.
Stocks closed near unchanged on Thursday, with the Dow rising to a record, as investors sorted through mixed data.
Gold closed more than 3 percent lower at its lowest closing price since August 2010 as the Fed cut its stimulus.
U.S. stock index futures pointed to further Wall Street gains on Monday, following last week's strong third-quarter growth number.
U.S. stocks rose on Tuesday, with the Dow industrials again notching record closes.
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