Alcohol versus alcohol: A highly stereocontrolled synthesis of substituted morpholines is realized by means of gold‐catalyzed dehydrative allylic cyclization of diols (see scheme for one example; segphos = 5,5′‐bis[di(3,5‐di‐tert‐butyl‐4‐methyoxyphenyl)phosphine]‐4,4′‐bi‐1,3‐benzodioxole). The present methodology represents one of the few examples of enantioselective gold‐catalyzed transformations