Gold prices rose today to over $1,230 an ounce today as many gold analysts are predicting that we will likely see intraday all-time highs sometime before mid September. The intraday high for Gold was reached back in June of this year when it struck $1,264 an ounce. Technically gold is a buy, however many experts are still wary to give a buy signal when prices are already up so much in the last few years.

The fact that the Federal Reserve stated earlier this week that deflation likely will not be a problem, is a positive for buyers of the precious metal. If you are looking to invest in Gold without having to purchase the actual physical metal, many financial advisers would recommend a position that is valued at approximately 10% of ones portfolio in the exchange traded fund with ticker symbol GLD.

There are obviously several factors which influence gold’s prices. These range from international economic stability to the rate of inflation, to how many other investment opportunities are out there that investors think are more promising than the precious metal.