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Is the precious metal gold?
The precious metal is gold.

Gold is the elemental form of gold (Au), with soft texture, golden yellow color and corrosion resistance. Gold is widely regarded as a valuable asset in the world and is used as a currency reserve, jewelry making and investment tool. The scarcity, persistence and historical stability of gold make it a choice for investors to hedge and preserve their value. Gold also has good electrical and thermal conductivity and is widely used in industry and science and technology.