Platinum rallied on expected supply disruptions

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Source: Dukascopy Bank
Precious metals rallied on Thursday amid hopes for more loosening policies from the Fed after Philadelphia's manufacturing activity posted a contraction in May.

Gold gained momentum on indications of weakness of the US economy. Moreover, turmoil in the Euro Zone slightly increased safe-haven appeal of the yellow metal.

Silver was the top-gainer despite soft global equities and strong US Dollar.

Platinum received additional support from growing risk of new supply disruption from Impala Platinum as tensions between rival miners' unions escalated.

Palladium drew strength from rallying gold and expected deficit in the market this year due to increased industrial demand for the metal.

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