Gwyneth Paltrow Dons White Hot Cape To 2012 Oscars (PHOTOS)

Golden Couple!
George Clooney and Stacy Kiebler at the 2012 Oscars.
Gwyneth Paltrow has done it again!

The actress stepped out on the red carpet at the 2012 Oscars on Sunday evening, and looked marvelous in this cape dress. Keeping things simple and clean she ditched earrings, and pulled her hair back in a pony tail.

So, which one of GP’s A-List buds did she spend the day prepping with?

Cameron Diaz! The two ladies got ready for the evening’s festivities together. Too cute!