Used them a lot in years gone by - also the black band on the right side in OP's pic indicates it as a fusible resistor.
Looked for a chart to post re the colour code for fusible resistors, but appears not to be one readily available that I could find, anyway, first colour band is black indicating it is a less then 1Ω (black = 0 so 0.xx), second band (appears violet) = 7, third band black = 0 so reads as 0.70Ω then gold = 5% tolerance.
Last band is black = fusible resistor (white indicates a wire wound resistor).