US Tariff Tensions Hit Markets: Domestic Pressure Mounts, Gold Soars

• Domestic stock markets are expected to face pressure due to negative signals from US markets.
• US markets saw sharp selling on Tuesday, with major indices falling to three-week lows.
• President Trump's new tariff threats against Europe, linked to the Greenland dispute, fueled investor de-risking.
• The Nasdaq, S&P 500, and Dow Jones all recorded falls of over one percent; the CBOE Volatility Index hit a two-month high.
• Trump announced additional 10% import duties on goods from several European countries, escalating to 25% if no Greenland purchase agreement is reached.

Why It Matters: US tariff threats and the Greenland dispute are causing global market jitters, pushing gold to new highs.