Gong with a ribbon attached (5)

I believe the answer is:

medal

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'gong' is the definition.
(gong can mean a prize or medal)

I don't understand how the rest of the clue works.

(Other definitions for medal that I've seen before include "(Military) decoration" , "George Cross, for instance" , "Award for the soldier" , "Piece of metal as award or in commemoration" , "Award for service" .)

I've seen this clue in the Evening Standard.

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