Gold prices were flat following a brief increase on Tuesday after the U.S. dollar backed down from a new 2018 high after the USA pulled out of a key nuclear accord with Iran.
The S&P 500 Index gained after advances in Europe led by energy stocks.
Elsewhere, the MSCI Asia Pacific Index fell.
Foreign banks operating in Taiwan rushed to dispose of their Taiwan dollars and parked their funds in USA dollar denominated assets as a safe haven to avoid possible risks resulting from geopolitical tensions, dealers said.
Diminished market concerns over perceived risks from the U.S. Turkey's lira whipped from a loss to a gain as President Recep Tayyip Erdogan was said to be calling a meeting with officials to discuss the exchange rate, fueling speculation that authorities may take measures to stem a market rout.
Japanese Prime Minister Shinzo Abe hosts South Korean President Moon Jae-in and Chinese Premier Li Keqiang on Wednesday.
Thursday's US consumer price index for April should show whether inflation is approaching the Fed's 2 percent goal. The Stoxx Europe 600 Index rose 0.3%. NY time, to the highest in nearly 14 weeks.
Terry Gilliam's Don Quixote film will screen at Cannes
The film has been plagued with difficulties since production began back in 2008 with Johnny Depp cast as the leading role. The producer won a separate case over the broader rights to the film previous year , a verdict Gilliam has appealed.
No-Canada! Mariners' Paxton pitches no-hitter in Toronto
And he did so as an avatar of that other massive trend that has devoured the game over the last decade: velocity. His only blemish that prevented a flawless game was the three walks he issued to go along with seven strikeouts.
Abe, Moon seek further N. Korea steps
The combined gross domestic product of the three nations represents about 20 percent of the world total. For its part, South Korea is emphasizing provisions laid out in the Panmunjon Declaration.
The S&P 500 Index added 0.3% as of 10:29 am (EST).
With the USA dollar index expected to gain more against the Taiwan dollar, dealers said, the US currency is likely to challenge the critical NT$30 mark soon.
Germany's DAX Index increased less than 0.05 percent. Platinum gained 0.5pc at $912.20 per ounce. The MSCI Asia Pacific Index sank 0.3%.
The Bloomberg Dollar Spot Index increased less than 0.05 percent. The euro climbed 0.1% to $1.1879.
The Swiss franc, another traditional safe-haven currency, was steady against the dollar CHF= at 1.0019 franc, and was 0.6 percent stronger at 1.1883 franc EURCHF=.
The yield on 10-year Treasuries rose two basis points to 3%. Britain's 10-year yield increased two basis points to 1.46%.
West Texas Intermediate crude climbed 2.5 percent to $70.80 a barrel, the highest in more than three years on the largest increase in three weeks. Copper rose 0.2% to $3.064 a pound.