By Wayne Cole

SYDNEY (Reuters) -Asian stock markets resumed their ascent on Thursday as investors doubled down on all things AI-related, while gold held atop $4,000 and the dollar retained its recent hefty gains.

Oil prices dipped as geopolitical tensions eased a little on news that Israel and Hamas had agreed to the first phase of a ceasefire plan to end the two-year conflict.

U.S. President Donald Trump said he might travel to Egypt this weekend to discuss further steps in the deal.

In equity markets, a resumption of the bull run in AI-related tech saw the S&P 500 and Nasdaq reach record highs as funds were again rewarded for buying the dips.

“The AI Theme remains intact as we see another stream of multi-$bn investment come into the space,” wrote analysts at JPMorgan in a note.

“In

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