Advertising

How gold is used in the fight against COVID-19

News Arnulf Hinkel, Financial journalist – 27.04.2020

In recent weeks, we have seen the terms “gold” and “corona” connected in a number of media reports, most of which focused on the effects of the global pandemic on gold demand. Less often, we heard about the ways in which gold can help detect the virus. Trevor Keel, World Gold Council consultant, has repeatedly pointed out the vital role of gold in the battle against COVID-19 on his Gold Hub blog, published on gold.org.

Modelled on rapid malaria tests with gold particles

On his blog, Trevor Keel, a chemist and expert in nanotechnology, explains how most rapid corona tests work. They are designed to quickly identify COVID-19 antibodies to provide clarity as to whether a person has already had the disease or not. In many cases, the test kits are modelled after commonly used malaria rapid tests. According to a World Health Organization (WHO) estimate, over 400 million malaria rapid tests were sold in 2018 alone. The tests are based on the so-called LFA (Lateral Flow Assays) technology, chromatographic medical rapid tests that can be used as so-called point-of-care tests (POCT). Tiny spherical gold particles that reliably detect the presence of disease biomarkers created by the body’s immune response are an important component of the LFAs.

300+ different COVID-19 diagnostics already developed

Many experts are convinced that to overcome the corona pandemic, as many people as possible need to be tested for COVID-19. Researchers and medical doctors are thus working hard to develop reliable rapid tests. According to the Institute of Electrical and Electronics Engineers IEEE, more than 300 different COVID-19 tests are already in use across the globe, and the IEEE Spectrum Magazine reports that the IEEE is currently running trials on 32 particularly promising tests with a focus on their reliability and validity. And most of these tests contain tiny particles of gold.

Picture copyright: © PantherMedia /SynthEx

Upcoming Events

Events

26.04.2024 - 27.04.2024 Invest Stuttgart

Events

07.09.2024 - 07.09.2024 Börsentag Berlin

Youtube channel

Production of Umicore precious metal bars

Production of Umicore precious metal bars

Opening Bell Event zum 10-jährigen Bestehen von Xetra-Gold (German)

Opening Bell Event zum 10-jährigen Bestehen von Xetra-Gold (German)

Gold als eigene Anlageklasse: Interview mit Steffen Orben (German)

Gold als eigene Anlageklasse: Interview mit Steffen Orben (German)

Newsletter

Are you interested in receiving regular information on Xetra-Gold? Then subscribe to our monthly, free-of-charge newsletter to learn more about our gold holdings, upcoming events and to read our gold market outlook.

Xetra-Gold Newsletter

We are sorry that you consider to unregister from our newsletter. Are you missing out information? If yes, we are pleased to receive your feedback. Of course, you can always re-register at any later point of time.

Xetra-Gold Newsletter

Xetra-Gold Hotline

Xetra-Gold-Hotline

Do you have questions? We have the answers. Contact us here: 9 a.m.–6 p.m. CET

+49-(0) 69-2 11-1 16 70

xetra-gold(at)deutsche-boerse.com

For press inquiries:  media-relations(at)deutsche-boerse.com

To contact form