Record European Gains Amid Global Market Swings

European shares reached new highs as Asian markets remained steady. A decline in silver prices was observed despite recent gains, while geopolitical tensions intensified with Iran and Ukraine. U.S. markets showed a mixed performance with potential interventions looming. Notable annual gains were noted across multiple indices.

European shares climbed to record highs on Tuesday, driven by strong year-end investor optimism contrasted by a quieter session in Asia. Silver and gold rebounded after experiencing significant drops, temporarily cooling the rally in precious metals.

Geopolitical tensions simmered as accusations from Russia towards Ukraine and potential strikes on Iran by President Trump added volatility to the markets. China conducted military exercises near Taiwan, amplifying regional anxieties.

While the U.S. dollar remains weak, currency markets are poised for further shifts based on Federal Reserve decisions and geopolitical shifts. Oil prices remained steady with slight variations, reflecting ongoing market uncertainties.

(With inputs from agencies.)