Crossword Genius

Nobel prize winner loses pound of gold (7)

Ross

I believe the answer is:

aureate

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'gold' is the definition.
(synonyms)

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

Can you help me to learn more?

(Other definitions for aureate that I've seen before include "Gilded, elaborate" , "Golden, brilliant" , "Flowery (speech or prose)" .)

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