Global Shares Surge Amid Prospect of Rate Cuts and Gold's Historic High

Global stocks soared on Wednesday, buoyed by anticipated reductions in interest rates, while gold hit an unprecedented $4,000 per ounce amid prolonged U.S. government shutdown fears. This surge reflects investors' search for stability amid economical and political uncertainties spanning from the U.S. to Japan.

The impressive rally in gold, climbing by 50% this year, is fueled by central banks and shows a strong demand among investment sectors, driven by a weakening dollar. Expert insights suggest that this gold surge acts as a hedge against rising fiscal concerns and potential currency depreciation.

Across Europe, stocks saw marginal gains, despite mixed sector performances, while political developments in France and Japan influenced currency fluctuations. In the energy market, oil prices rose slightly as traders dismissed the oversupply concerns, maintaining optimism in turbulent times.

(With inputs from agencies.)