Brent crude, used to price worldwide oils, gained 60 cents to $48.12 per barrel in London.
MSCI's all-country world stock index .MIWD00000PUS fell 0.11 percent, while the pan-European FTSEurofirst 300 index .FTEU3 of leading regional shares slid 0.71 percent to a provisional close of 1,490.15.
Treasury yields extended a decline Wednesday after the release of Federal Reserve Chairwoman Janet Yellen's prepared congressional testimony showed the central bank was looking to taper its balance sheet but that the prospect of an additional rate hike would depend on how inflation evolved. That stands in sharp contrast to the outlook in the United States where stronger-than-expected jobs growth has stoked expectations that the Fed will stick with its tightening plans this year.
For now, most markets expect one more interest-rate increase in the USA this year, and perhaps some reduction in the Fed's huge balance sheet. The Fed Chair meets with these two committees twice per year; Yellen last testified in front of Congress in February. She said job gains were above the bank's estimate and that the economy picked up in the second quarter on a rebound in household spending and stronger overseas demand helping USA manufacturers.
USA stock index futures closed mixed on Monday with a rally in tech stocks contributing the most to the gains.
The unemployment rate among African-Americans stood at 7.1 percent in June, the lowest rate since April 2000 - although Ms. Yellen noted that it remained above the national unemployment rate.
The Nasdaq is up 108.09 points, or 1.8 percent.
TECH SURGE: Technology companies also notched solid gains. The jobless rate is 4.4 percent and, employers are still adding about 200,000 jobs a month. Western Digital rose $3.50, or 3.8 percent, to $95.25.
The Dow reached a record intraday high.
An investor retreat from gold can be seen in holdings of physically backed exchange-traded funds, which at 54.61 million ounces are down more than 1 per cent since June 14. Brent crude, the worldwide futures benchmark, added 65 cents, or 1.4%, to $47.53 a barrel.
The greenback fell after hitting a four-month high against the Japanese yen on the past fortnight's 25-basis-point rise in 10-year USA government bond yields. With inflation at 2.5 %, the nominal regular earnings increase of 2.0 % means real wages fell by 0.5%, a squeeze which S&P Global Ratings yesterday warned will hold back economic growth. In Europe, the Stoxx 600 Index was 0.7% higher at 5:40am with energy stocks leading the gains. Britain's FTSE 100 rose 1.2 percent.
ASIA'S DAY: Asian stocks finished mostly lower.
Both contracts have risen above their 50 percent retracement of their fall between mid-last week and Monday.
Commodity trader Noble Group rose for a second session, gaining almost 2 percent after Goldilocks Investment Company raised its stake in the firm.
USA stocks reversed early gains to edge lower after President Donald Trump's eldest son released an e-mail chain related to a meeting with a Russian lawyer linked to the Kremlin during previous year election campaign.