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Since ancient times, gold has been used due to its especial properties. Among those properties are the resistance to corrosion (for being noble), its high electrical and thermal conductivity, and also its conspicuous coloration. Gold has been applied in a diversity of subjects such as economy, jewelry, electronic circuits and odontology. The fascinating properties of gold are likely to improve with the preparation of alloys; among those, the Au-Fe alloys constitute some of the most studied nowadays. In this research, we present our results concerning the microstructure of the Au-Fe and Au-Fe-Co alloys. We fabricated gold based alloys with 25% (weight) Fe and then compared their structure and formability to Au-24.5Fe-0.5Co (% weight) to determine the role of cobalt in the alloy. An induction furnace with controlled atmosphere (argon) and conductor crucibles coated with zirconium silicate was used. The samples were characterized by three processes: as-cast, with heat treatment (HT) at T=900°C (1h and 3h) and as-cast centrifuged.