Gold settled 1 percent higher on Wednesday, as broad gains in the commodities complex and signs of simmering inflation lifted bullion after the previous day's drop.
U.S. stock index futures signaled a narrowly higher open on Wednesday, as shares in Europe traded mixed after Tuesday's robust data from the U.S.
Asian equity markets ended mixed in thin trade on Wednesday after strong global economic data triggered fears of an early end to U.S. stimulus.
The dollar climbed to a one-week high against both the euro and the yen on Tuesday after a key gauge of U.S. consumer spending rose at its fastest pace in seven months.
Stocks finished higher Tuesday, rebounding after Atlanta Federal Reserve President Dennis Lockhart downplayed the notion that the central bank would begin winding down its bond-buying program at its September meeting.
Treasurys yields approached two-year highs after data in Europe showed that the region's economy is picking up steam, while U.S. retail sales data was also firm.
Gold fell 1 percent on Tuesday, weighed down by better U.S. consumer spending data and after top market India hiked its import duty on gold to a record 10 percent.
U.S. oil ended higher on Tuesday after exports from Libya fell to their lowest in two years, heightening supply worries.
CNBC's Sharon Epperson reports the latest from the metals and mining as the markets close.
Gold is taking a step back from its best rally in a month. Mike Harris, Campbell and Company, takes a look at the technicals.
European shares closed higher on Tuesday following data for the euro zone which boosted hopes the currency bloc is heading out of recession and signs of a housing recovery in the U.K.
CNBC's Bob Pisani and Art Cashin, of UBS, discuss "good enough" retail sales and whether the Fed may go ahead with a taper. in September. "The Fed is going to taper, Bernanke wants to get the process started before he's gone, and that's going to be a headwind for the stock market," says Cashin.
Asian equity markets ended at session highs on Tuesday with Japan's benchmark index leading gains by 2.6 percent as the yen weakened on news of corporate tax cuts.
The dollar rose on expectations of strong U.S. data that could signal an early scaling back of monetary stimulus.
Stocks kicked off the week on a lackluster note, with the Dow and S&P 500 extending their losses after posting their worst week since June, as investors found little reason to buy.
U.S. Treasurys traded lower on Monday in light summer trading, with no new information to break bond yields out of their recent range.
Gold rose nearly 2 percent on Monday, hitting its highest in nearly three weeks as strong Chinese gold consumption and an inflow to gold-backed exchange-traded funds fuelled hopes of resurgent physical and investment buying.
Brent crude rose on Monday as fresh export disruptions in OPEC nation Libya stoked supply concerns.
With September right around the corner, the countdown to taper has begun. The FMHR traders focus on housing and retailers. CNBC's Steve Liesman joins to discuss what the Fed will be looking at this week, and Barry Knapp of Barclays shares his price target for S&P stocks.
European shares closed mixed on Monday, with financial services stocks posting the biggest declines, amid contrasting data from Japan and China.
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