It touched US$2,891.20 per ounce yesterday, according to Reuters, and was worth $2,798/oz on the spot market at the time of writing.

Gold also rose, nearing a two-month high and headed back towards $1,800/oz, trading about $1,795/oz on the spot market.

In South Africa, Impala Platinum was up more than 5%, Northam Platinum was up 3.56% and Sibanye-Stillwater (JSE: SSW) was up 2.92%.

In Australia, Chalice Mining (ASX: CHN) which is advancing what it describes as the country's first major palladium discovery - Julimar in Western Australia - today released high-grade drilling results from the project and was up more than 6% in morning trade.

Among gold producers, Gold Fields rose 3.27% in South Africa and Newmont gained 1.49% in New York.

Finally in Toronto, junior Tiger International Resources (TSXV: TGR) gained 33%, likely on improving sentiment for the mining sector in the Philippines.

The company said in February it had won litigation and recovered 100% of its Philippine gold project, and was no doubt buoyed by the country's president Rodrigo Duterte last week rescinding a nine-year ban on new mining deals.