Trader Guy Adami focused on gold. If a correction hits the dollar, gold and gold miners will benefit, he noted.
He looked at the Market Vectors Gold Miners ETF. Trader Steve Grasso discussed a cheap oil play in the ProShares UltraShort Oil and Gas.
He noted, however that investors need to tread with care "because it recalibrates very quickly."
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Many agricultural commodity prices rose on Friday, as well. The PowerShares DB Agriculture Fund could profit on that move, trader Brian Kelly said.
Guy Adami is long CELG, EXAS and INTC. Guy Adami's wife, Linda Snow, works at Merck.
Steve Grasso is long AAPL, BA, CLVS, EVGN, FB, GDX, GOOGL, IMMR, KBH, KDUS, MHY, MJNA, NVIV, PFE, POT, SO, T, TMUS, TWTR and YHOO. His firm is long FCX, NE, NEM, VALE, RIG, OXY, USO and AMZN. His kids are long EFG, EFA, EWJ, IJR and SPY.
Brian Kelly is long BTC=, U.S. dollar, GLD, CTRL calls, HYG puts, BBRY call spreads and TLT. He is short EWA, EWG, EWQ, EWZ, EWW, Australian dollar, British pound, Canadian dollar and yuan.
Tim Seymour is long AAPL, BAC, BX, C, DIS, F, GE, GM, GOOGL, INTC and SUNE. Tim's firm is long BABA, BIDU, BX, CCU, DSKY, KNDI, MCD, NKE, NOK, SINA, SBUX, TSL and VIP.