GOLD WEBCAST - Gold price rallies 1% on non-farm payrolls shock

Gold prices rallied heavily on Friday afternoon after US non-farm payroll numbers fell far short of expectations, sending the yellow metal to just short of $1,250 per ounce. The Unemployment Situation Summary showed only 74,000 non-farm jobs created in December, the expectation was for 197,000. A lower participation rate led to the unemployment rate falling by 0.3 percentage points to 6.7 percent. Platinum and silver are also higher, but palladium ignored the news.