By Vivek Kumar Moving markets today: Asian stocks surge on US Fed rate cut optimism, gold rally continues; focus on UK and euro area CPI Wall Street stocks rose and the Dow Jones Industrial Average hit an all-time closing high on Tuesday after US retail sales data supported the view that the Federal Reserve is approaching its easing cycle, reining in inflation while avoiding a recession. Gold extended a recent rally to hit a new record high as investors buy up the metal traditionally used as a hedge against inflation and uncertainty. Prices for bitcoin have also rallied in the days following a…