A summary of trading in key commodities markets overseas:
Oil prices held up despite a push to take profits at the end of a week in which crude futures reached multi-month highs on improved demand prospects.
New York's main contract, West Texas Intermediate (WTI) for delivery in March, edged five US cents lower from Thursday's close to $US100.30 a barrel.
Europe's benchmark contract, Brent North Sea crude for April delivery, picked up 56 US cents to $US109.08 a barrel in London deals.
Gold posted the biggest weekly gain since August as signs of a faltering recovery in the US economy boosts demand for precious metals as a haven.
Silver has had the longest rally since March 2008.
US factory production unexpectedly declined in January by the most since May 2009, figures from the Federal Reserve showed.
Gold rose for the eighth straight session, extending the longest rally since July 2011. The price closed above the 200-day moving average for the first time in a year.
Gold futures for April delivery rose $US18.5, or 1.4 per cent, to settle at $US1,318.60 an ounce on the Comex in New York. This week, the price climbed 4.4 per cent, the most since August 16.
Silver futures for March delivery jumped five per cent to $US21.421 an ounce. The price reached $US21.445, the highest for a most-active contract since November 11. The metal, up for the 10th straight session, has climbed 11 per cent this year after tumbling 36 per cent in 2013.
Base metals on the London Metal Exchange (LME) have closed higher after a weaker US dollar helped lift their appeal to buyers holding other currencies.
At the close of open-outcry trading in the LME ring on Friday, three-month copper was 0.6 per cent higher on the day at $US7,150 per metric ton.
Aluminium closed 0.2 per cent higher at $US1,745.50 per ton.
"The base metals look to be ending the week on a stronger footing, with firmer equities and a weaker (US) dollar adding to the general strength," said base metals analysts at Standard Bank.
"Turnover still remains pretty disappointing, with tin the only metal to see decent two-way interest."
Tin closed the week 1.8 per cent higher on the day at $US22,975 per ton, having traded at values not seen for nearly two months.
A ban on ore exports out of Indonesia continued to add to the metal's strength by underscoring risks to global tin supply.