By Sherin Elizabeth Varghese (Reuters) -Gold prices fell more than 1% on Monday as investors waited for clarity from the White House on potential country-specific tariffs on bullion bars, while focus shifted to U.

The price of gold fell by the most in three months as investors bet that a tariff on bullion entering the U.S. was less likely. The front-month gold futures contract on the NYMEX exchange fell 2.1% to $3,

The global gold market has been thrown into fresh turmoil after a US government agency indicated that bullion would not be exempt from tariffs.