Global stock markets rose Monday as traders focused on political upheaval in France and Japan, in addition to mixed economic data.

Oil prices rallied as OPEC+ agreed to boost supplies at a slower pace, analysts said.

The price of gold hit a fresh record high above $3,600 an ounce as the precious metal continues to benefit from its status as a safe haven investment.

“Political uncertainty is making waves on markets at the start of the week, but sentiment remains largely upbeat,” noted Susannah Streeter, head of money and markets at Hargreaves Lansdown stockbrokers.

“The resignation of Japan’s Prime Minister has caused ructions, with the yen diving on the news, stocks making sharp gains and government bond yields rising again.”

Tokyo’s Nikkei stocks index closed up 1.5 percent, with Jap

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