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.

Gold futures in New York steadied as traders awaited clarification from the White House over its tariff policy, after a US government agency stunned the market last week by formally ruling that 100-ounce and one-kilogram bullion bars would be subject to duties.

The White House plans to exempt gold bars from US import tariffs, easing recent market uncertainty. This move impacts global gold prices and has significant effects on Indian investors amid rising demand and price volatility.