Gold settled higher on Thursday as tensions over Ukraine increased and equity markets retreated, but analysts said the rebound could be short-lived.
Better-than-expected U.S. growth data lifted the dollar on Thursday as the euro fell amid worries about tensions between Ukraine and Russia.
Asian stock markets declined on Thursday in a quiet session amid a lack of catalysts.
Stock futures reduced their drop Thursday, after the second estimate for second-quarter economic growth came in better than expected.
Stocks were little moved Wednesday as Wall Street caught its breath, a day after the S&P 500's first close above 2,000.
Bonds continued to rally after the US's auction of five-year Treasury notes, the second sale of $93 billion in new coupon-bearing supply this week.
European shares closed flat-to-higher on Wednesday as investors considered the possibility of more monetary easing in the euro zone.
Spot gold edged up on Wednesday as a lower dollar and lingering geopolitical tensions helped offset selling pressure from a record rally in equities.
Demand fears clipped an early rally in oil on Wednesday, despite data showing a steep drop in U.S. inventories.
The euro turned higher in choppy trading Wednesday as traders reacted to headlines that the ECB is unlikely to take new action early next week.
Asian equity markets were mostly higher on Wednesday after the S&P 500 index closed above the 2,000 mark for the first time ever.
Gold rose on Tuesday after a pause in the dollar rally prompted a break above $1,280 an ounce that triggered chart-based buying.
Stocks rose on Tuesday after a report had orders for durable goods jumping far more than expected in July.
Treasurys were little changed, though prices on 30-year bonds fell as investors unwound some bets that the yield curve would continue to flatten.
European shares closed higher on Tuesday as investors anticipated easy monetary policy for the euro zone and closely watched events in Ukraine.
Wall Street looked set to open higher on Wednesday, after the S&P 500 closed above 2,000 for the first time.
U.S. crude rose as bullish U.S. consumer data overshadowed ample global oil supplies and weak economic data abroad.
The dollar softened on Tuesday while the euro further struggled on expectations of soft inflation data and more monetary easing.
Asian equity markets were mostly lower on Tuesday as tensions over Ukraine took the shine off Wall Street's overnight gains.
Stocks rose on Monday as investors welcomed M&A and looked to the European Central Bank for further monetary easing moves.
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