Disclosed is a process of oxidizing an alcohol of formula ROH (I), wherein R represents a saturated or unsaturated, linear, branched or cyclic C3-C50 hydrocarbon group which is optionally substituted with a heteroatom, characterized in that the oxidation is performed in a liquid phase using a peroxide as oxidant and in the presence of a base compound and a catalyst comprising at least: (i) gold metal, (ii) platinum metal and/or palladium metal, and (iii) a CeO2, TiO2 and/or carbon support.