The drop in bond yields and the dollar gave gold a fillip last week but it again faltered at resistance around $1,832 and was last trading flat at $1,811 an ounce
Next on investors' radar is June quarter corporate earnings with Netflix, Philip Morris, Coca Cola and Intel Corp among companies expected to report this week
MSCI's benchmark for global equity markets fell 0.25% from Friday's record high.
JPMorgan Chase & Co, the largest US bank by assets, reports earnings on Wednesday, as do Goldman Sachs Group Inc and Wells Fargo & Co. The S&P financials sector hit a record high on Monday before retreating in anticipation of bank results, which lead the US earnings season.
Brent crude futures rose 22 cents to $61.01 a barrel, after tumbling 5.9% and hitting a low of $60.50 on Tuesday. West Texas Intermediate (WTI) crude futures added 17 cents to $57.93, having lost 6.2% the previous day.
Non-yielding gold was still nursing losses after hitting an eight-month low on Friday en route to its worst month since November 2016. It was last at $1,750 an ounce, just above a trough around $1,716.
Copper hit a 9-1/2 year high in London and Shanghai while benchmark Brent crude futures slipped 0.4% to $65.10 a barrel after hitting a one-year high of $66.79 on Tuesday. US crude futures fell 0.8% to $61.17.
The two-year US Treasury yield briefly touched a record low of 0.1049%. Benchmark 10-year yields eased slightly to 1.2771%, pulling away from the highest level since Feb. 27, 2020 as some investors judged that recent selling of fixed income had gone too far.
In commodity markets, gold was sidelined at $1,838 an ounce as investors drove platinum to a six-year peak on bets of more demand from the automobile sector.