As of 05:49 GMT, February gold price futures on the New York Comex exchange were up 0.86% from the prior close, gaining $38.6 to $4,541 per troy ounce. Earlier in the session, prices touched a record $4,561.4 per ounce.
Meanwhile, March silver futures climbed 4.83% to $75.145 per ounce. Earlier on Friday, silver prices also set a new record, peaking at $72.485.