As of 04:06 GMT, April gold futures on the New York Comex exchange were trading up 1.82% from the previous close, or $91.30, at $5,109.71 per ounce. Earlier in the trading session, prices reached a record high of $5,128.85 per ounce.
March silver futures, meanwhile, saw a 6.49% surge to $107.92 per ounce, peaking at fresh record of $109.32 earlier in the session.
Platinum also hit a fresh all-time high of $2,897 per ounce.