Gold Ore is smelted into Gold Bars at a Furnace, which, in their turn, are used to craft various tools, weapons and other items (mostly at an Anvil).
Here's a fancy list(unless stated otherwise, the items are crafted at an Anvil)
ITEM RESOURCES
*Gold Helmet Gold Bar (25)
*Gold Chainmail Gold Bar (35)
*Gold Greaves Gold Bar (30)
*Gold Pickaxe Gold Bar (12) Wood (4)
*Gold Hammer Gold Bar (10) Wood (3)
*Gold Chandelier Gold Bar (4) Torch (4) Iron Chain (1)
*Gold Axe Gold Bar (9) Wood (3)
*Gold Broadsword Gold Bar (8)
*Gold Shortsword Gold Bar (7)
*Gold Bow Gold Bar (7)
*Gold Watch Gold Bar (10) Iron Chain (1) (crafted near a Wooden Chair + Wooden Table/Work Bench)
*Depth Meter Copper Bar (10) Silver Bar (8) Gold Bar (6) (crafted near a Wooden Chair + Wooden Table/Work Bench)
*Candle Gold Bar (1) Torch (1) (at a Work Bench)
Hey, were you expecting a different answer for basically the same question?