The 16-year-old became the second youngest starter in Premier League history when he stepped out onto the Emirates Stadium pitch for the Hammers against Arsenal on Sunday.
In the wake of that performance, Hammers chief Gold has spoken glowingly of Oxford who he feels has plenty to look forward to in his career.
"Although we knew Reece was going to be a player, nobody believed he was going to play against Arsenal," Gold told Sky Sports News HQ.
"He was outstanding for a young man, what a great future he has.
"We haven't seen many young players come through our academy and emerge and at last a young player emerges and plays a great game against the mighty Arsenal."