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European shares steadied on Monday, aided by a bounce in technology and mining stocks, after worries about growing U.S.-China trade tensions hammered markets on Friday.
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French government bond yields edged up in line with the wider market on Monday, after Prime Minister Sebastien Lecornu, who was reappointed on Friday, unveiled his cabinet, as pressure intensifies to pass a belt-tightening budget.
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Gold surged over 2% to Rs 1,23,840 per 10 grams amid US-China trade tensions and a weaker rupee. Analysts advise buying on dips near Rs 1,22,000, with key support at Rs 1,20,800 and targets toward Rs 1,25,200, as macro uncertainty fuels safe-haven demand.
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Silver prices surged to near $52 an ounce, their highest in decades, driven by a historic short squeeze in London and strong investor demand for precious metals. Gold also hit a record high above $4,068 an ounce, extending its eight-week rally, while platinum and palladium joined the broad-based upswing.
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