The Hammers suffered a 2-1 defeat at Aston Villa on Sunday to leave them in 11th spot in the table with 30 points, but the future of their manager is unclear with his current deal expiring in the summer.
"As (fellow co-chairman) David Sullivan and I have always maintained, we will sit down and discuss Sam's contract situation once our Premier League status has been confirmed and not before," Gold said in a statement on the club's website.
"This is purely because the three of us don't want anything to distract attention from our aim of finishing as high up the Premier League table as possible.
"Sam did a fantastic job of gaining promotion from the Championship at the first attempt last season and we are all pleased with how quickly he has got the team to adapt to life back in the Premier League.
"We went into Sunday's game with Aston Villa one place off the top 10 and that is no mean feat for a newly-promoted side."
Losing on Sunday afternoon at Villa Park though had Gold tweeting a slightly less optimistic overview of the club.
He tweeted: "Disappointed for the fans who travelled hundreds of miles on a miserable day to lose to a team in the bottom three. We should do better."
Allardyce replaced Avram Grant at Upton Park at the beginning of last season following relegation to the Championship and led the Hammers back to the Premier League through the play-offs.