A detailed reaction mechanism of the triatomic gold cluster-catalyzed cycloisomerization of u-alkynylfuran was systemically investigated via density functional theory at the TPSSh/def2-TZVP level. The computational results indicated that the 5-exo Friedel-Crafts-type mechanism is the most favorable mechanism to form the phenol derivatives. The strong interaction between the gold and vinyl fragments in the Friedel-Crafts adduct is essential for the priority of the 5-exo Friedel-Crafts-type mechanism. Then, the 5-exo Friedel-Crafts-type mechanism on the various planar gold clusters (Au 4-10 ) was studied to clarify the size-effects of the planar gold clusters catalyzed u-alkynylfuran cycloisomerization. The appropriate interactions between the alkyne group in the substrate and gold clusters play a key role for the 5-exo cyclization step. The energy barriers of the ring-closure of the dienone carbene-gold intermediate step show an interesting "odd-even" behavior respective to the number of gold atoms. The Au 3 and Au 4 clusters are the most active catalysts for the u-alkynylfuran cycloisomerization to the phenol derivative. We also found that the active catalyst of the u-alkynylfuran cycloisomerization catalyzed by the gold(I) complexes should be the gold(0) complexes of the in situ generation. The catalytic activity of the gold(0) complex is comparable with that of the planar gold clusters. These findings may guide the rational design of highly active gold catalysts for the u-alkynylfuran cycloisomerization to phenol derivatives. † Electronic supplementary information (ESI) available: Fig. S1-S15, Tables S1-S9, details of the energy decomposition analysis, and the Cartesian coordinates, single point electronic energies (in the gas phase and acetonitrile), zero-point, and free energy correction for all of the stationary points and imaginary frequencies of transition structures. See Scheme 2 Different transition metal complex-catalyzed-u-alkynylfurans cycloisomerizations.Scheme 3 Proposed mechanism for the gold-catalyzed phenol synthesis.