The Australian market saw a modest increase after shedding three weeks' worth of gains last Friday. The main ASX 200 index closed 4 points or 0.09 percent higher at 5,156.
Biggest loser in today's trade was the energy sector, seeing a decline of near 4.6 percent on the back of falling oil prices. Oil producers Santos, Woodside Petroleum, and Oil Search racked up losses of 9.93, 3.68, and 5.41 percent respectively.
Resources producers also finished mixed. Shares in Rio Tinto and BHP Billiton, Australia's two biggest miners, traded mixed. Rio Tinto was down 0.18 percent while BHP Billiton was up 0.33 percent.
Some iron ore producers felt the effects of prices dropping to a decade low of $39.40 a tonne. After opening in the green, shares in Fortescue closed down 1.72 percent while BC Iron was down 6.82 percent. Atlas Iron and Mount Gibson pared gains from the morning session to close flat.
Shares in gold producers were boosted after prices soared last week to the $1,082-mark after the nonfarm payroll data reaffirmed the market's belief for a December rate hike. In Asian trade, spot gold traded $1,084 an ounce.
Evan Lucas, market strategist at spreadbetter IG, said, "Gold has had an amazing week, up 2.65 percent. What's even more amazing was the snap back on Friday after the NFP surging 2.25 percent, which was in conjunction with the USD surge. It was a complete market miss-match; the logical conclusion is short-covering of the heavily short gold paper trade. The positioning in the US bond market and USD suggest this move in Australia won't last long."
Shares in Newcrest was up 3 percent, Evolution Mining up 5 percent, and Alacer Gold seeing an uptick of 1.5 percent.