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May 20 (Reuters) -

European shares inched up early on Monday but remained

rangebound as gains in commodity-linked stocks were offset by

uncertainty around the outlook for interest rates.

The pan-European STOXX 600 index rose 0.1% by 0716

GMT, hovering below record highs hit last week.

Miners and oil & gas climbed 0.8% and 0.7%,

respectively, leading gains among European sectors as copper

prices surged to record highs helped by China's property support

measures and better-than-expected industrial data.

Gold prices also hit fresh peaks, while crude prices edged

higher amid political uncertainty in majot oil producing

countries including Iran and Saudi Arabia.

Countering the positive impact from rising commodity prices

on equities, euro zone sovereign bond yields rose after

officials from the European Central Bank and the Federal Reserve

warned that the monetary easing path remained uncertain.