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

Billionaire Apple CEO Tim Cook presented Donald Trump with a gaudy personalized gift boasting a 24-karat gold base as the tech giant woo’ed the president at the White House on Wednesday. Cook dropped in to the White House bearing his golden gift to announce the tech company’s extra $100 billion investment in American manufacturing as the president still waves the threat of tariffs.