What does the cryptic crossword clue "Circle gold piece (5)" mean?

The definition is "Circle". The wordplay uses a charade (building blocks). OR (abbreviation="gold") + BIT (synonym="piece") = ORBIT; definition: "Circle" The answer is ORBIT.

Circle gold piece (5)

Daily Mail Cryptic #16280 | 25 Down | 2020-03-26 flower

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