The S&P/ASX 200 climbed 0.8% to above 8,805 on Thursday, snapping a four-session losing streak, as heavyweight miners and gold stocks advanced on firmer commodity prices. Gold miners extended record gains after bullion hit an all-time high overnight, supported by Fed rate cut bets and lingering political and economic risks. Northern Star and Evolution Mining each rose 0.9%, while Fortescue, Rio Tinto, and Lynas Rare Earths added around 1% to 2%. Tech stocks also jumped 1.3%, led by Xero Limited’s 2.9% surge following a tech-driven rally on Wall Street overnight. Meanwhile, major banks likely staged a technical rebound, with the “Big Four” up nearly 2% each. Investors now await upcoming trade balance figures for signals on the country’s net export performance. Market focus also on the labor market’s gradual easing from full employment, after stronger-than-expected GDP data yesterday, with swaps pricing in a nearly 90% chance the RBA holds rates steady in late September.