"Band of Gold" is a popular song written by former Motown producers, Holland–Dozier–Holland (under the pseudonym of Edythe Wayne) and Ron Dunbar. It was a major hit when first recorded by Freda Payne in 1970 for the Invictus label, owned by H-D-H. The song has been covered by numerous artists, notably competing 1986 versions by contrasting pop divas Belinda Carlisle and Bonnie Tyler, and a 2007 version by Kimberley Locke.

The legendary songwriting team of Holland–Dozier–Holland used the name Edythe Wayne because of a lawsuit they had with Motown. Ron Dunbar was a staff employee and producer for Invictus. According to Freda Payne, Dunbar actually contributed to the song. When they first offered the song to Freda Payne, she balked at the idea of recording it, finding the material more appropriate for a teenager or very young woman. Payne reluctantly gave in after much persuasion by Dunbar. Almost immediately following its release, the Payne record became an instant pop smash, reaching number three in the US and number one on the UK singles chart and remaining there for six weeks in September 1970, giving Payne her first gold record.

After Holland/Dozier/Holland left Motown in 1967, they were still in contact with Motown's house band, the Funk Brothers. When Holland/Dozier/Holland started their own recording company, with the intention of self-producing the songs they wrote, they asked the Funk Brothers to play on those songs.

Golden World/Motown session singers Pamela Wilson, Joyce Vincent Wilson, and Telma Hopkins provided the background vocals on the record. Joyce and Telma would later go on to form the group Tony Orlando & Dawn. Also singing in the background is Freda Payne's sister and future member of the Supremes, Scherrie Payne, who was also signed to Invictus at the time as a member of the Glass House group.

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