The White House plans to clarify what its official called misinformation about import tariffs for gold bars amid uncertainty, which saw some industry players pausing deliveries of bullion to the United States.

The world’s largest gold refining hub has been rocked by Washington’s announced 39 per cent rate on select Swiss imports and an unexpected levy on gold bars, which was first reported by the Financial Times.

The U.S. has imposed tariffs on 1-kg and 100-ounce gold bars, disrupting global bullion flows and impacting Switzerland, which exported $61.5 billion in gold to the U.S. last year ・Swiss refineries are suspending or reducing shipments to the U.