European natural gas futures rose above €34/MWh on Thursday, rebounding from an eight-week low of €33, as traders evaluated changing weather patterns and supply conditions. Although the recent heatwave across Europe is set to ease—likely lowering cooling demand—increased wind power generation in northwest Europe may further reduce gas consumption by power plants.

Gold prices held firm in Asian trading on Thursday following a three-day rally, as investors adopted a cautious stance ahead of the key U.S. non-farm payroll report, which could offer fresh signals on the Federal

Gold prices firmed on Wednesday as weaker-than-expected jobs data fueled hopes of the U.S. Federal Reserve cutting rates sooner than anticipated, while investors also awaited the upcoming non-farm payrolls report for further cues on monetary policy.

Gold futures rose Wednesday after ADP's weaker than expected payrolls data showed U.S. employers shed 33K workers last month, the first print showing net private sector job losses since March 2023, adding to investor hopes that the U.