What place does a gold medal signify in competitions?

Trivia: What place does a gold medal signify in competitions?

1st
2nd
3rd
4th

The correct answer is 1st

So why is this answer correct? : 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.

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