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.
European shares pared gains, but closed higher on Thursday, after a round of soft U.S. data.
Global stock markets were volatile Thursday, as investors muddled through conflicting signals about the global economy and awaited a slew of key U.S. economic releases.
The second bout of heavy selling in Japanese stocks in as many weeks is not just about a strengthening yen and pulling-back from lofty levels.
Stocks clawed back from their worst levels but still closed in the red Wednesday, dragged by the defensive sectors such as consumer staples and utilities, as investors questioned when the Federal Reserve would start winding down its stimulus program.
The dollar retreated on Wednesday as U.S. Treasury yields eased from more than one-year highs, although most investors are convinced the greenback's upward trend is intact.
Oil tumbled on Wednesday, in part due to losses in U.S. equity markets on worries the U.S. Federal Reserve could phase out its stimulus program.
Gold edged up to settle at $1,391 on Wednesday, taking a cue from broad dollar losses and falling stock markets with residual support from strong Chinese physical buying.
European stocks closed lower on Wednesday as concerns continued over the possibility the Federal Reserve might begin tapering of asset-purchasing.
Asian stocks rose on Wednesday but ended off session highs as a weak Australian dollar, volatile Japanese markets and renewed fears of the U.S. Federal Reserve tapering its bond-buying program scaled back momentum.
Instability in the U.S. bond market arising from a tapering of quantitative easing (QE) poses a major threat to the outlook for the global economy, OECD warned on Wednesday.
Signs of strength in the U.S. economy, a stock market boom and the prospect of the U.S. becoming a net oil exporter suggest the tide may be turning for the dollar.
Yields on U.S. Treasurys surged to a 13-month peak as stocks hit another record high and investors proved reluctant to buy more U.S. debt in an auction of two-year notes.
The dollar rebounded against the euro and yen Tuesday after robust U.S. economic data reinforced expectations the Federal Reserve may start unwinding its stimulus program.
Wall Street came back from the long weekend with a rosier view about possible tapering by the Federal Reserve. Here's why.
Strong buying of physical bullion helped pare losses from an earlier gold decline caused by a dollar rise and technical selling, but the metal continued to feel pressure.
Crude moved higher on Tuesday, supported by stronger equities markets and rising Middle East risk but held back by ample supplies and concern over fuel demand.
Brent oil crude futures fell towards $102 per barrel on Monday, due to weak economic outlook in a well-supplied market, with oil producer cartel OPEC unlikely to shift policy at a meeting this week.
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