Preheat your oven to 350°F (180°C). Grease and flour two cake pans.
In a large bowl, whisk together the flour, baking powder, and salt.
In another bowl, cream together the butter and sugar until light and fluffy. Add the eggs one at a time, mixing well after each addition.
Gradually add the dry ingredients to the egg mixture, alternating with the milk. Mix until just combined.
Add the gold food coloring to one portion of the batter and mix until evenly distributed. Pour the batter into the prepared cake pans and bake for 25-30 minutes, or until a toothpick inserted into the center comes out clean. Let cool completely.
For the frosting, beat together the cream cheese, powdered sugar, and vanilla extract until smooth. Gently fold in the whipped heavy cream.
Layer the cake layers with the cream cheese frosting, covering the top and sides evenly.
Dust the top of the cake with edible gold dust and decorate with gold sprinkles for an elegant finish.
Refrigerate the cake for at least one hour before serving to allow the frosting to set.
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