Prospect for gold in American state (8)
I believe the answer is:
panorama
'prospect' is the definition.
(both can mean a view of a landscape)
'gold in american state' is the wordplay.
'gold' becomes 'or' ('or' is the heraldic name for gold).
'in' means one lot of letters goes inside another.
'american state' becomes 'panama' (Panama is an example. I am not sure about the 'american' bit.).
'or' put within 'panama' is 'PANORAMA'.
'for' is the link.
Can you help me to learn more?
(Other definitions for panorama that I've seen before include "Broad view (of BBC TV?)" , "Wide view (from BBC TV?)" , "Current affairs programme" , "Wide-angle shot" , "Unbroken view of surrounding area" .)