US and European stock markets surged on Wednesday, while gold reached a record high of $2,150. The Federal Reserve's indication of potential rate cuts and the British government's pro-growth budget contributed to the positive market sentiment. The dollar weakened due to expectations of lower interest rates. Earlier in the week, US stocks had experienced a slight decline as investors secured profits ahead of Federal Reserve Chief Jerome Powell's congressional testimony.
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Dow soars over 1,300 pts, Sensex 900 pts
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