Gold advanced at the start of the month on Monday as poor Chinese manufacturing numbers underlined the weak outlook for the global economy.
U.S. crude closed nearly 6 percent as weak economic data from China and an OPEC source undermined chances of an emergency meeting to stem the decline.
U.S. stock index futures fell sharply as declines in oil prices continued to weigh on investor sentiment.
The U.S. dollar fell against a basket of major currencies on the view that the Fed would not be able to hike interest rates as quickly as forecast.
U.S. stock index futures indicated a higher open on Friday after the Bank of Japan unexpectedly adopted a negative interest rate policy.
U.S. government debt prices were higher on Friday as investors looked to the release of fourth quarter GDP.
European equities closed higher on Friday after the Bank of Japan surprised global markets by adopting negative interest rates for the first time.
Asian markets climbed after Japan shares took a roller-coaster ride in the immediate aftermath of the BOJ decision to adopt negative interest rates.
Spot gold rose 1 percent to a 3-month high on Monday, extending its recent rally on worries about global economic growth.
Oil prices rose on Friday, rebounding from 12-year lows on prospects of a deal between major exporters to cut production.
The dollar rose sharply on Friday, hitting a six-week high versus the yen.
European equities closed sharply lower on Thursday, as a raft of weak earnings offset positive sentiment surrounding the rebound in oil prices.
U.S. stocks closed higher Thursday, as oil gains and Facebook outweighed pressure from declines in biotech stocks and concerns about economic growth.
U.S. government debt prices rose Thursday after durables goods data pointed to more weakness in the U.S. economy.
Wall Street looked set to open lower on Monday, after an official survey showed China's factory sector contracted for the sixth month and crude oil prices fell.
Asia markets were mixed, but largely trimmed earlier losses, despite Wall Street's fall after the Fed appeared to temper its expectations for U.S. growth.
Gold edged down from 12-week highs after the U.S. Federal Reserve signalled it would not be deterred from raising interest rates this year.
U.S. stocks closed more than 1 percent lower Wednesday, despite higher oil prices, as disappointing quarterly reports weighed and the Fed statement renewed concerns about global economic growth.
Treasury prices remained lower Wednesday afternoon after the Federal Reserve opted not to hike interest rates.
European markets eked out gains Wednesday as investors tried to shake off oil's fluctuations and disappointing earnings.