We intercalate a van der Waals heterostructure of graphene and hexagonal Boron Nitride with Au, by encapsulation, and show that Au at the interface is two dimensional. A charge transfer upon current annealing indicates redistribution of Au and induces splitting of the graphene bandstructure. The effect of in plane magnetic field confirms that splitting is due to spin-splitting and that spin polarization is in the plane, characteristic of a Rashba interaction with magnitude approximately 25 meV. Consistent with the presence of intrinsic interfacial electric field we show that the splitting can be enhanced by an applied displacement field in dual gated samples. Giant negative magnetoresistance, up to 75%, and a field induced anomalous Hall effect at magnetic fields < 1 T are observed. These demonstrate that hybridized Au has a magnetic moment and suggests the proximity to formation of a collective magnetic phase. These effects persist close to room temperature.
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