Gold fell to a one-month low on Wednesday, dropping for the sixth straight session as the dollar shot to a three-month high.
Crude prices settled lower as a strong dollar, tumbling gasoline prices and rising U.S. crude inventories bore down on the market.
The dollar rose sharply as remarks from Fed Chair Janet Yellen intensified bets the central bank would raise interest rates next month.
Asian stocks rose sharply on Wednesday, as factors such as a stellar debut from Japan Post's units fueled risk appetite in the region.
U.S. stock index futures indicated a higher open on Thursday as traders awaited Friday's key employment report.
U.S. stocks closed higher Tuesday, off session highs, supported by gains in energy and tech stocks.
U.S. sovereign bond yields traded higher on Tuesday, just above the five-week highs touched in the previous session.
European equities ended slightly higher on Tuesday as the rally in oil prices helped shake off weak earnings results.
Gold fell nearly 2 percent to a four-week low on Tuesday, as prices came under pressure from a rising dollar.
Crude prices closed higher as a gasoline and diesel rally added support to oil markets boosted by an industry strike in Brazil.
Australia's dollar gained almost 1 percent on Tuesday, after the country's central bank declined to cut interest rates further.
U.S. stock index futures pointed to a higher open Wednesday, ahead of the bulk of the day's comments from Fed policymakers and economic data.
Asian equities outside China advanced on Tuesday, as the morale of investors got a boost from the overnight rally on Wall Street.
U.S. stocks closed higher by nearly 1 percent or more Monday, the first trading day of November, helped by gains in energy and health care stocks.
U.S. sovereign bonds yields traded higher on Monday, as traders focused on the slew of data, culminating in the closely watched jobs report Friday.
European equities ended slightly higher on Monday as investors digested more economic news from China and Europe, on top of earnings.
Gold extended a sell-off into a fourth straight session as technical signals deteriorated and investors fretted that the Fed would raise this year.
The dollar fell against the euro on Monday after comments from two members of the European Central Bank's governing council.
Oil closed lower as weak Chinese data fueled concerns about demand slowing in one of the world's largest oil-consuming nations.
Asian stocks fell on Monday, as investors digested a private survey which showed China's manufacturing sector remaining in a tough spot.