Platinum looks set to test $1100/oz while a break above $298/oz would leave the way clear for palladium to test of $330/oz.

Buying overnight has lifted platinum back to $1 080/oz and the bullish mood in the metal looks set to test $1 100/oz in the coming sessions.

Further resistance around $1 020/oz is expected in the coming sessions although a break higher would leave little in the way of chart resistance until $1 040/oz.

Overall the prospect of a move higher looks increasingly likely, with prices set to clear the high of last year and push on towards $500 before the year is out,

Impressive gains are seen in platinum and palladium, which are rising strongly above their recent ranges.

The bulls still appear to have the most ammunition at the moment and seem set to test $600 sooner rather than later as concerns over the dollar, oil and geopolitical tension draw investors to the market.