Gold hit a three-month high as the dollar came under pressure following mixed data that pushed back expectations of when interest rates will rise.
U.S. stocks closed narrowly mixed as investors remained wary of climbing bond yields and the lack of a strong second-quarter rebound in the economy.
Treasury yields rose after trading lower following the Treasury Department's auction of $24 billion in 10-year notes.
European equities reversed earlier gains to end lower on Wednesday with investors reacting to weaker-than-expected U.S. retail data.
Chinese stocks retreated late Wednesday after a fresh batch of economic indicators came in just shy of expectations.
U.S. oil futures closed down 25 cents at $60.50 a barrel despite crude stockpiles slipping for a second straight week.
U.S. stock index futures indicated a higher open on Thursday, with investors eyeing weekly jobless claims data for direction.
The U.S. dollar hit a more than three-month low against a basket of major currencies on Wednesday after weaker-than-expected U.S. retail sales data.
Gold rose two percent to above $1,200 an ounce on Wednesday, heading for a second session of gains.
U.S. stocks closed mildly lower, recovering from sharp morning losses as investors found some relief from a slight recovery in the bond market.
U.S. Treasury yields trimmed earlier losses which came after the Treasury Department auctioned $24 billion in three-year notes.
European equities finished sharply lower Tuesday as bond markets sold off, amid a raft of corporate earnings.
Asian shares traded mixed on Tuesday, as investors weighed a raft of earnings and kept an eye on Australia's federal budget and Greece's debt crisis.
The dollar clawed its way higher, recovering from almost four-month lows reached late last week on another surprisingly bad round of U.S. data.
U.S. oil prices closed up 2.5 percent at $60.75 a barrel as a weak dollar lifted commodities denominated in the currency.
Gold rose up to one percent on Tuesday as the dollar and European shares suffered from a sell-off in global bond markets.
U.S. stock index futures pared gains as data showed consumer spending remained muted despite warmer weather and lower gas prices.
U.S. stocks closed lower on Monday as investors eyed gains in bond yields and awaited the week's data releases.
U.S. Treasury yields resumed their climb on Monday after the April labor market report, and ahead of a number of Treasury auctions this week.
European equities finished mixed on Monday, with the French index the worst performer out of the major bourses, dragged down by shares of Airbus.