Gold dropped on Monday in line with a retreat in oil prices, giving up some of last week's gains.
Crude futures have plunged nearly 70 percent from highs above $100 a barrel in June 2014.
The U.S. dollar held near a more than one-week low against a basket of major currencies on Monday.
Major Asian equities closed mostly lower on the first day of the final trading week for 2015.
U.S. stocks ended mixed in the shortened Christmas Eve session Thursday, holding most of the gains for a week in which commodities and beaten-down sectors of the market led.
U.S. stock index futures indicated a higher open on Tuesday as oil prices recovered slightly from a sharp decline Monday.
U.S. sovereign bond prices gained on Thursday, weighing on yields as oil prices rose in a shorted trading day for the Christmas holiday.
European stocks closed flat on Thursday in a shortened trading day with thin volumes as the oil price remained choppy.
Crude futures closed sharply higher as oversupply pressured the global market despite signs of tightening in the United States.
Asian equities turned mixed on Thursday, dragged by a sell-off on the mainland, knocking the region's Christmas cheer before the holiday period.
Gold rose on Thursday, snapping two days of losses, as the dollar softened ahead of the Christmas holiday break.
U.S. stock index futures pointed to a lower open on Wall Street on Monday, as crude oil prices fell following the Christmas weekend.
The dollar fell against a basket of currencies on Thursday, putting it on track for its steepest monthly loss since April.
U.S. stocks closed higher Wednesday, the last full trading day of the week, led by recovery in oil prices and commodities-related sectors.
U.S. sovereign bond yields rose on Wednesday, as oil prices traded at parity, ahead of a host of data releases on the last full trading day of the week.
European markets accelerated gains on Wednesday to close sharply higher, as investors cheered the recovery in oil prices and mining stocks.
The dollar rose in thinned trading on Wednesday after data painted a mixed picture of the U.S. economy.
U.S. oil futures rose as much as 4 percent on Wednesday, underpinned by an unexpectedly large fall in U.S. crude inventories.
U.S. stock index futures pointed to a flat open on Thursday as investors prepare for a shortened trading day for the Christmas holiday.
Gold eased on Wednesday after holding within a narrow range in thin pre-holiday trade.