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European natural gas prices fell below €95/MWh on Tuesday on hopes of a resolution to the Middle East conflict, though prices remained near multi-year highs amid winter supply concerns. Saudi Arabia, Turkey and Pakistan held talks with Iranian officials on Monday, with Tehran describing the discussions as “very good".
Gold futures climbed 1.4% in early European trading as the dollar eased and oil prices fell. Traders are also reassessing the inflation and interest-rate outlook.