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The value of gold is expressed in dollars per troy ounce and goes up and down all the time depending on demand. It is traded 24 hours of the day, in Hong Kong, then London, then New York, and then Sydney. Today, Aug 21st, 2008 it has risen in price from 818 dollars/oz to 838 dollars/oz , rising mainly because the value of the dollar is falling relative to other currencies.

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