Stock exchange traded funds were set for a higher open Wednesday while gold ETFs were also on track to climb as the precious metal’s price rose to a new record.

The SPDR S&P 500 ETF (NYSEArca: SPY) was up 0.6% in premarket trading. The largest gold ETF, SPDR Gold Shares (NYSEArca: GLD), was fractionally higher as well.

Gold futures rose to a fresh record high to nearly $1,458 an ounce, reported.

Crude futures traded above $108 a barrel. Coming into Wednesday’s session, U.S. Oil Fund (NYSEArca: USO) was up about 12% over the previous three months.

In currency markets, the euro rose to a 15-month high against the dollar on talk the European Central Bank will boost interest rates, the AP reported. CurrencyShares Euro Trust (NYSEArca: FXE) rose roughly 6% in the first quarter. [Euro’s Record First Quarter Buoys Currency ETFs.]

Read the disclaimer; Tom Lydon is a board member of Rydex|SGI.

For full disclosure, Tom Lydon’s clients own GLD.

The opinions and forecasts expressed herein are solely those of John Spence, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.