Gold and silver exchange traded funds (ETFs) were higher Friday afternoon as markets focused on consumer inflation figures in China and the U.S.
Gold futures climbed to a new record while silver prices hit a fresh 31-year high.
“Commodities, including gold, will continue to be the focus of investors,” said Gavin Wendt, an analyst with MineLife Pty., according to Bloomberg.
The iShares Silver Trust (NYSEArca: SLV) and SPDR Gold Shares (NYSEArca: GLD) both traded higher.