Gold rose more than one percent after minutes from the Federal Reserve's last policy meeting showed caution over future U.S. interest rates increases.
U.S. oil fell over 1 percent after industry data suggested a pipeline shutdown had not reduced crude flows as much as expected.
U.S. stock index futures indicated a higher open on Friday morning as traders eyed the comments of Federal Reserve officials.
The U.S. dollar fell below 108 yen for the first time in 17 months on Thursday.
U.S. stocks closed higher Wednesday, led by gains in health care and energy, after the release of the Fed meeting minutes.
U.S. sovereign bond prices were lower on Wednesday morning amid a wider "risk-on" move in global asset markets.
European markets finished higher Wednesday as investors digested new data out of China, while eyeing the latest moves in the oil price.
Asia markets wavered between positive and negative on Wednesday, ending mixed despite an oil-price rise and a pick-up in China's services sector.
The U.S. dollar hit a fresh 17-month trough against the yen on doubts that the BOJ would intervene to halt the yen's appreciation.
Gold fell on Wednesday as a recovery in equities prompted some profit-taking after Tuesday's rally.
Crude futures jumped on Wednesday as hopes for an agreement among exporters to freeze output underpinned the market.
U.S. stocks closed lower Tuesday, following declines in overseas developed markets on soft data, despite gains in oil prices and better U.S. data.
U.S. stock index futures indicated a lower open on Thursday morning.
U.S. sovereign bond prices were higher on Tuesday morning amid a "risk-on" move away from equities due to the slump in the oil price.
European equities finished sharply lower on Tuesday, as volatility in commodity markets weighed on sentiment.
Asia markets ended mostly lower on Tuesday, with Japanese shares losing ground on the back of a stronger yen.
The yen soared to its highest in 17 months against the dollar as sentiment in stock and commodity markets soured, with crude oil retreating.
Gold rebounded by 1 percent on Tuesday, snapping two days of losses as risk appetite evaporated.
U.S. oil prices surged 5.18 percent on Wednesday after the U.S. government reported a surprise draw in domestic crude stockpiles.
U.S. stocks closed lower Monday as pressure from a decline in oil prices mostly offset gains in health care stocks.