NEW YORK: Bond yields and the U.S. dollar fell on Friday after a report showed U.S. jobs growth was less than expected in August, adding to uncertainty over when the Federal Reserve will begin to trim its massive bond-buying program.
Wall Street stocks ended little changed, giving up much of the day’s earlier gains on lingering concerns about a U.S. military strike against Syria, though all three major U.S. stock indexes posted gains for the week.
At the same time, Syria worries drove up U.S. crude oil prices more than $2 a barrel to their highest level in more than two years.
Gold prices, which have benefited from ultra-cheap central bank liquidity, also climbed after the U.S. jobs data.
U.S. employers hired fewer workers than expected in August and the jobless rate hit a 4-1/2-year low as Americans gave up the search for work, complicating the Federal Reserve’s decision on whether to scale back its massive monetary stimulus this