Prices of key precious metals surged in June as investors flocked to safe-haven assets amid deepening geopolitical tensions and economic uncertainty.
Platinum led the rally with an impressive 28% monthly gain—its strongest performance in decades—driven by tightening supply and renewed investor interest. Supply disruptions in major producing regions, coupled with increased speculative demand, pushed prices sharply higher.
Palladium also saw a sharp uptick, jumping 19% as producers signaled output cuts and market sentiment began to shift. However, analysts warn that the metal’s long-term prospects may be tempered by the accelerating shift to electric vehicles, which rely less on palladium-based catalytic converters.
Silver climbed nearly 8%, approaching a 13-year high. The metal benefited from both its industrial utility and its role as a hedge in volatile markets. Meanwhile, gold prices held steady around $3,300 per ounce, balancing investor demand with uncertainty around future Federal Reserve rate decisions and ongoing global geopolitical risks.
Market watchers suggest that if instability continues, precious metals could retain their upward momentum through the second half of 2025.
