[Answer] What place does a gold medal signify in competitions?

Step 1 : Introduction to the question "What place does a gold medal signify in competitions?"

...Gold, silver, and bronze medals are awarded to the first-, second-, and third-place finishers at various competitions, from athletics to academics. These medal rankings are commonly associated with the Olympics, which began handing out medals at the 1904 St. Louis Games.

Step 2 : Answer to the question "What place does a gold medal signify in competitions?"

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