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An expedient synthesis of bicyclic dihydropyran-3-one compounds is realized in a cascade trigged by oxidative gold catalysis. In this reaction, the initially formed α-oxo gold carbene intermediate, generated upon gold-catalyzed oxidation of alkyne, could be trapped by a tethered C-C triple bond, thereby generating a vinyl cation intermediate. This intermediate of highly electrophilicity is likely responsible for the intramolecular concerted C-H insertion. The reaction provides a simple way of constructing functionalized bicyclic system from easily accessible propargyl ethers.