Impact of Tariffs & Safe-Haven Surge

1. Trump's 25% tariff on foreign autos stoked inflation fears, limiting the Fed's policy flexibility. 2. Gold soared past $3,125 per ounce, reaching an all-time high of $3,161. 3. Nifty IT and Pharma indices declined 2.5% and 1.8%, while banking and FMCG stocks also suffered. 4. Broader markets followed, with Nifty Midcap 100 and Smallcap 100 sliding 0.8% and 0.5%.