Gold and platinum hit all-time highs this morning on dollar weakness, supply concerns, firm oil and expectations of more interest rate cuts in the United States.
Spot gold hit an intraday high of $914.50 an ounce, surpassing last week's record peak. Gold was last quoted at $907.00/907.70 an ounce in New York last night.
Platinum hit another record high of $1,618.50 an ounce on investment demand, gains in gold and after Lonmin slashed its sales outlook for the year. The metal was last quoted at $1,606/1,611 an ounce in New York.
The benchmark platinum future in Tokyo rose by its daily 120 yen limit to 5,350 yen a gram to track the cash market.
Miners in South Africa, the world's largest platinum producer, have had to deal with electricity outages as power utilities struggled to keep up with rising demand.
Lonmin cut its sales outlook for the year after first-quarter refined platinum output slid by nearly a fifth due to safety shutdowns and persistent processing problems.