Asia stocks climb; Gold, Bitcoin Drift after Hitting Record Highs

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Asian stocks saw gains on Wednesday as traders anticipated policy indications from Beijing during its week-long annual parliamentary session.

Investors were hopeful for potential stimulus measures after a previous lack of such initiatives disappointed some.Traders remained cautious before congressional testimony from Federal Reserve Chair Jerome Powell later in the day, scrutinizing hints about potential interest rate cuts by the U.S. central bank.

In the cryptocurrency realm, bitcoin hovered around $66,000, having surged to a record high of $69,202 in the previous session, driven by increased investments in U.S. spot exchange-traded crypto products.

Spot gold experienced fluctuations, reaching $2,127.36 an ounce after hitting an all-time high of $2,141.59 on Tuesday.

U.S. crude edged up by 0.29% to $78.38 per barrel, while Brent crude stood at $82.27, marking a 0.28% increase for the day.

Source: Reuters

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