Silver prices rose on Monday, extending recovery from a 3-month low for the second straight day, on strong safe-haven demand after the US consumer prices jumped to historical levels.

Silver prices rose more than 0.7% to $22.33 an ounce, after opening at $22.17, and hit a day high at $22.14.

Silver closed higher by 1.1% on Friday, the first daily gain in 3 days, after hitting a 3-month low at $21.82 an ounce.

Silver prices lost 1.6% last week, the fourth straight weekly loss, due to concerns about demand in China.

Consumer prices rose 6.8% in November, the fastest such rate since 1982, triggering bets surrounding the Fed's meeting this week.

Consumer prices did not jump to record levels in the US alone, as they jumped in most parts of the world, which sparked doubts about the ability of global central banks to deal with this new bogeyman!

European stocks rose in early trading on Monday, to head for the first gain in 4 session, thanks to improved investor sentiment, as concerns about the Omicron variant eased, amid anticipation of a plethora of global central banks meetings, following the US record inflation spike.

The Stoxx Europe 600 index rose 0.5% as of 11:15 GMT, after closing lower by 0.3% on Friday, due to investors' risk aversion

The pan European index gained 2.8% last week, in the first weekly gain, after concerns over Omicron receded.

The automotive sector saw the largest gains in Europe today, with a rise of nearly 1.5%, followed by the mining and tech sectors.

South African scientists stated on Friday that there were no sign that the omicron variant was causing a more serious disease, as most of the symptoms were mild compared to previous variants.

The global markets are anticipating a plethora of global central banks meetings, led by the US, Europe, the UK and Japan, in order to gather more cues about the future of global monetary policy.

S&P 500 futures rose 0.3% today ahead of Wall Street's opening, after the index higher 0.9% on Friday.

Back to Europe, the Euro Stoxx 50 index rose 0.6%, France's CAC 40 rose 0.3%, and Germany's DAX index rose 1.1%, while the UK's FTSE 100 rose 0.1%.

Oil prices rose on Monday, extending gains for the second straight day, as fears of the spread of the Omicron variant eased, in addition to signs over its limited impact on global economic growth and fuel demand.

US crude rose 1.4% to $72.97 a barrel, after opening at $71.94, and hit a low at $71.94, and Brent crude rose 1.5% to $76.37 a barrel, after opening at $75.22, and hit a low at $75.22.

US crude gained 1.8% on Friday, and Brent crude rose 1.75%, the fourth gain in 5 days, as concerns about the decline in global demand receded.

Oil prices gained around 8% last week, the first weekly gain in 7 weeks, after Saudi Arabia raised January's oil selling prices to Asia and the US, in addition to concerns about the Omicron variant easing.

South African scientists stated on Friday that there were no sign that the omicron variant was causing a more serious disease, as most of the symptoms were mild compared to previous variants.

The UK Health Security Agency said on Friday that the booster shots significantly restore protection against mild disease caused by the Omicron variant.

Gold prices rose on Monday, extending gains for the second straight day, on strong safe-haven demand after the US consumer prices jumped to historical levels in November.

Gold prices rose 0.3% to $1,788.20 an ounce, after opening at $1,782.99, and hit a day high at $1,781.72.

Gold closed higher by 0.4% on Friday, the first daily gain in 3 days, after US inflation data.

Consumer prices rose 6.8% in November, the fastest such rate since 1982, triggering bets surrounding the Fed's meeting this week.

The global markets are anticipating a plethora of global central banks meetings, led by the US, Europe, the UK and Japan, in order to gather more cues about the future of global monetary policy.

Gold stocks at the SPDR ETF remained unchanged on Friday, with the total at the lowest level since last November 17 of 982.64 metric tonnes.