Sybilla Gross

Gold steadied after declining earlier as Donald Trump’s threat of 25% import tariffs on Canada and Mexico buoyed the dollar.

Resolute Mining Ltd. said Chief Executive Officer Terry Holohan and two other employees have been released from detention in Mali, just days after the gold mining company agreed to pay about $160 million to resolve a tax dispute with the government.

Resolute Mining Ltd. will pay the Mali government about $160 million as it seeks to resolve a tax dispute that’s seen its chief executive officer detained.

Shares in Australia’s Resolute Mining Ltd. plunged by a third after the gold producer confirmed Chief Executive Officer Terry Holohan and two other employees were unexpectedly detained in Mali late last week.

Global gold demand swelled about 5% in the third quarter, setting a record for the period and lifting consumption above $100 billion for the first time, according to the World Gold Council.

Australia’s corporate watchdog is investigating Mineral Resources Ltd. and its tycoon founder, Chris Ellison, after he made undeclared payments that avoided tax.

Gold slipped as traders pared expectations of Federal Reserve interest-rate cuts in the wake of stronger-than-expected US jobs data.

Gold traded steady near an all-time high as weak US data bolstered the case for deeper interest rate cuts.

Barrick Gold Corp. suspended operations at a gold mine in Papua New Guinea after violent clashes in the area killed two company employees.

Gold may face a minor, near-term setback if the Federal Reserve opts for just a 25-basis-point cut this week, but the metal will subsequently rally to a record aided by rising flows into bullion-backed exchange-traded funds, according to Goldman Sachs Group Inc.