French bank Societe Generale reported a 13.3 percent drop in first-quarter net income as it booked a 525 million euro ($731 million) writedown on its Russian business as turmoil in Ukraine persists.
Gold settled lower, but flaring tensions between government forces and pro-Russian separatists in Ukraine helped to minimized the metal's losses.
The dollar inched up from a three-week low on Friday, on expectations of a robust U.S. jobs number, after a weak growth report earlier this week.
Crude weakened broadly as U.S. inventories surged to their highest level ever.
Crude rebounded on Tuesday, lifted by renewed geopolitical concerns.
Any evidence of a resilient U.S. economy in this week's key scheduled data releases may erode gold prices, CNBC's weekly sentiment survey showed.
The dollar struggled against the yen and Swiss Franc as rising tensions in Ukraine offset optimism about U.S. economic growth.
The strong performance of the so-called "fragile five" currencies has marked a return to favor for the so-called carry trade.
Gold will remain a strong safe-haven bet in spite of its recent seesawing price as the Ukraine crisis and expectations of a further pullback in U.S.
Now safer dividend stocks are the new best thing, but curiously there is another contender for reallocating funds – France.
The dollar lost 2.5 percent against the yen since last Friday, on guidance that the Federal Reserve will not soon raise base interest rates.
After the tech sector's brutal selloff and this year's strong run for utility and healthcare stocks, investors are now eyeing a shift into "cyclical" names.
London copper climbed to its highest in more than three weeks on Wednesday after a powerful earthquake off the coast of Chile raised supply concerns.
Crude oil futures tumbled by nearly $2, with U.S. crude pressured by expectations of surging domestic stocks and dour overseas data.
Emerging market assets haven't seen much love in the wake of investor infatuation with developed markets, but they may come back into fashion.
Goldman Sachs and Societe Generale aren't backing down on their recommendations against investing in gold.
U.S. crude tumbled, as builds in domestic stockpiles and a strong dollar outweighed worries over tougher U.S. sanctions on Russia.
Jerome Kerviel, the former Societe Generale trader who brought the bank to the brink of collapse in 2008 has been sentenced to at least three years in jail but will shed the title of “most indebted man on earth” after six years of legal battles.
Tan Su Shan, MD & Group Head of Consumer Banking and Wealth Management at DBS, discusses the bank's decision to buy Societe Generale's Asian private banking business.
The chief executive of Société Générale, said he is committed to keeping links between Europe and Russia strong, in light of the crisis in Ukraine.