Brent crude oil rose more than $1 per barrel, shaking off early losses as rumors spread that South Korea would create new incentives for refiners to import crude that could bolster demand.
Gold settled below $1,400 an ounce, extending losses on worries over demand in the world's largest consumer, India, after the government further restricted imports of the metal.
European markets closed higher, but off session highs in afternoon trade on Tuesday, as worse-than-expected factory data for the euro zone dented investor sentiment.
Asian stocks ended mixed on Tuesday with Japan's benchmark Nikkei index leading gains by 2 percent and Sydney shares gaining traction after the Australian central bank left the door open for future easing at its policy meeting.
The dollar-yen's fall below the key 100 mark could just be the start of a downtrend for the currency pair, analysts tell CNBC.
Higher interest rates are likely to keep Wall Street on edge, while Japanese markets are likely to keep the whole world on edge.
The dollar plunged against a broad swath of currencies on Monday as weak U.S. manufacturing data curbed expectations that the Fed will rein in its bond purchases soon.
Gold settled more than 1 percent higher, after earlier hitting its highest in more than two weeks, boosted by a tumbling dollar and disappointing U.S. manufacturing data.
Brent crude oil dipped briefly below $100 a barrel for the first time in a month on demand worries after Chinese factory data pointed to slowing momentum in the world's second-biggest oil consumer.
The recent run-up in bond yields is being used to justify portfolio changes in preparation for what could be a much different second half.
Japan's benchmark Nikkei index extended its correction to hit a new six-week low on Monday as worries of a slowdown in China returned to the spotlight and a sharp sell-off on Wall Street late last week curbed risk appetite.
US Treasury debt prices slipped, capping the worst month for the market in nearly 2 years, as strong business activity data fanned worries the Fed will slow down the QE.
The dollar rose Friday and was headed for its eighth straight month of gains against the yen on robust U.S. economic data.
Oil prices extended sharp losses on Friday after a key Canadian crude pipeline resumed service, underscoring ballooning supplies in a market with tepid demand and a weak economic outlook.
Gold fell more than 1% as data showing low inflation and improving consumer confidence dampened investor interest, with bullion on track to post sharp losses.
Asian stock markets moved off session highs on Friday to end mixed with the Nikkei leading gains by 1.4 percent after its stunning 5 percent dive in the previous session. Sentiment improved after latest U.S. data eased concerns of an early end to the Federal Reserve's bond-buying program.
Stocks shaved their gains in the final hour of trading Thursday, but still ended modestly higher with the Dow recovering from its worst one-day drop in nearly four weeks, as the latest round of tepid economic data suggested the Fed's bond-buying program would remain intact.
Gold rose around 1.5 percent on Thursday, buoyed by a fall in the dollar after weak U.S. economic data boosted prospects that the Fed will keep its monetary stimulus.
The U.S. dollar fell to a three-week low against the euro after weaker-than-expected U.S. economic data boosted expectations the Fed will keep its monetary stimulus in place.
Oil prices steadied above $102 a barrel on Thursday, erasing earlier losses after a draw in U.S. gasoline stocks sparked hopes for stronger demand in the world's top oil consumer.