In his answer link to the question whether $a|m$ and $a+1|m$ implies $a(a+1)|m$, Bill Dubuque takes a detour to derive the equality $$ \gcd(a,b)=ab/\mathrm{lcm}(a,b) $$ from the universal property of $\gcd$ and $\mathrm{lcm}$. Since they have a universal property, the natural question is: is $\gcd$ the right adjoint of something and is $\mathrm{lcm}$ the left adjoint of something?
A note about the answers below
Originally, the question was meant as: does the functor $\gcd:\mathbb{N}\times\mathbb{N}\to\mathbb{N}$ has a left adjoint. This was answered by Qiaochu Yuan by observing that $\gcd$ is a categorical product.
Hurkyl had interpreted my question as: does the functor $\gcd(-,b):\mathbb{N}\to\mathbb{N}$ have a left adjoint for each $b\in\mathbb{N}$? This is not the case, but interestingly the functor $\mathrm{lcm}(-,b):\mathbb{N}\to\mathbb{N}$ has a left adjoint. This shows that if we reverse the ordering of divisibility, the category $\mathbb{N}$ becomes cartesian closed.