Looked for gold, perhaps, out East (5)
I believe the answer is:
ogled
'looked' is the definition.
(ogling is a kind of looking)
'gold perhaps out east' is the wordplay.
'perhaps' indicates an anagram.
'out' is an insertion indicator.
'east' becomes 'e' ('E' can be a synonym of 'east').
'gold' is an anagram of 'ogld'.
'ogld' placed around 'e' is 'OGLED'.
'for' is the link.
(Other definitions for ogled that I've seen before include "regarded with desire" , "Eyed lecherously" , "Eyed in a lascivious manner" , "Stared at" , "Eyed lustily" .)