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Gold Pares Gains After Getting Boost From Moody’s US Downgrade

(Bloomberg) -- Gold edged higher — although it pared gains from earlier in the session - as mounting concerns over the US economic outlook and budget deficit buoyed demand for haven assets. Most Read from BloombergHow a Highway Became San Francisco’s Newest ParkAmerica, ‘Nation of Porches’Maryland’s Credit Rating Gets Downgraded as Governor Blames Trump NJ Transit Train Engineers Strike, Disrupting Travel to NYCNYC Commuters Brace for Chaos as NJ Transit Strike LoomsBullion traded above $3,218 a

China’s Fossil Fuels Production Retreats From Record Levels

(Bloomberg) -- Chinese fossil fuels output fell in April from the record levels hit in the prior month, although natural gas, crude oil and coal all delivered increases compared to the previous year as the government continues to prioritize security of supply despite weaker prices.Most Read from BloombergHow a Highway Became San Francisco’s Newest ParkAmerica, ‘Nation of Porches’Maryland’s Credit Rating Gets Downgraded as Governor Blames Trump NJ Transit Train Engineers Strike, Disrupting Travel