SPDR Gold Shares (NYSEArca: GLD) was up 1% in midday trading Thursday as the exchange traded fund (ETF) eyed its recent record high.

Gold futures touched $1,470 an ounce Thursday while investors digested higher weekly jobless claims, a rise in producer prices and a weaker dollar.

Silver ETFs were also higher.

“Silver needs to find support at $40 and gold around $1,450 in order to make additional headway,”  Saxo Bank senior manager Ole Hansen told Reuters.

SPDR Gold Shares on Thursday was trading close to its 52- week high of $143.84 a share.

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