Gold’s role in healthcare

Gold Trivia 08 Feb 2018

Gold and medicine have been linked for millennia, and recent years have seen a host of diagnostic tools and treatments approved by the regulatory authorities worldwide.  Auranofin, a gold based drug initially approved as a treatment for rheumatoid arthritis in the mid-1980’s, is experiencing a renewed surge of interest with clinical trials currently being performed to test its effectiveness against a range of diseases such as ovarian cancer and dysentery.

A series of similar drug candidates which utilise gold are currently developed as antibiotics designed to help address the worldwide healthcare crisis of rising antimicrobial resistance. Finally, gold-based diagnostics remain the most commonly used technology in low-resource settings for diagnosing conditions such as malaria and HIV/AIDS.

According to World Health Organization, 312 million gold-containing tests were distributed in 2016 to aid in the diagnosis of malaria, primarily in Africa and Asia.

These are prime examples of how small quantities of gold can have a significant impact on the lives of the people worldwide.

Gold Glossary

Shanghai Gold Exchange

The Shanghai Gold Benchmark Price, or Shanghai Gold Fix, is the result of an auction held twice daily on trading days by the Shanghai Gold Exchange (SGE), at 10:15 am and 2:15 pm, Beijing Time. The Shanghai Gold Exchange facilitates both on-exchange and off-exchange gold contract trading as well as a daily gold price auction and gold leasing.

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