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As strange as it seems, gold is not magnetic, the three only magnetic metals are iron, nickel, and cobalt.

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Yes, gold is a magnetic material, but a very weak one. All materials exhibit magnetic properties, but the magnetic properties of most material's are extremely weak. Gold is one of these. Nickel, Cobalt, and both forms of iron exhibit relatively strong magnetic properties. These are the metals that are commonly thought of as magnetic, or ferromagnetic, especially iron and most of its alloys.

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What is difference between residual magnetism and retentivity?

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