Gold was known from the earliest times (Genesis 2:11). It was principally used for ornaments (Genesis 24:22). It was very abundant (1 Chronicles 22:14; Nahum 2:9; Daniel 3:1). Many tons of it were used in connection with the temple (2 Chronicles 1:15). It was found in Arabia, Sheba, and Ophir (1 Kings 9:28; 10:1; Job 28:16), but not in Palestine.
In Daniel 2:38, the Babylonian Empire is spoken of as a "head of gold" because of its great riches; and Babylon was called by Isaiah (Daniel 14:4) the "golden city" (R.V. marg., "exactress," adopting the reading marhebah, instead of the usual word madhebah).