Oil fell on the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output.
Gold narrowed losses in Asian trade on Monday after earlier falling as much as 1 percent to hit its lowest in more than five months.
Expectations that Donald Trump's policies are due to cause rising inflation are high as the president-elect assembles his incoming team.
European markets closed lower on Friday as investors paused for breath following the victory for Donald Trump.
The dollar rose on Friday as investors packed on bets that the administration of Trump would pump up U.S. inflation.
Gold remained volatile in Asian trade on Friday and was set for its first weekly decline in four.
Oil prices tumbled more than 2.5 percent on Friday after OPEC said October output reached another record.
U.S. stock index futures indicated a slightly lower open as traders continued to digest the presidential election result.
Many Asian markets stuttered on Friday as the rally in the dollar following Donald Trump's win dampened demand for emerging market assets.
U.S. equities closed mixed on Thursday as investors repositioned their portfolios following the presidential election.
U.S. government debt prices were lower Thursday as investors continued to digest President-elect Donald Trump's victory.
European bourses closed under pressure on Thursday afternoon after rebounding in morning trade following Donald Trump's victory in the U.S. election.
Asia markets soared on Thursday with the Nikkei jumping close to 7 percent, as traders reassessed the impact of a Donald Trump victory.
The dollar climbed on Thursday as markets weighed the election of Trump for president and how his policies could affect economic growth.
The markets focused on oversupply concerns, as well as whether OPEC will decide later this month to cut production.
Gold rose on Thursday as global markets took respite from a massive sell-off in risky assets and absorbed Trump's shocking U.S. presidential win.
The rally took the major averages within 2 percent of their all-time intraday highs, a stunning recovery from a plunge in stock futures overnight.
U.S. stock index futures tumbled on Wednesday, with investors across the world on edge, as Donald Trump secured the White House.
U.S. government debt prices were mostly mixed on Wednesday, with bond investors digesting the news that Trump had secured the White House.
U.S. stock index futures pointed to a higher open on Thursday as traders digested Tuesday's presidential election.