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1. Preheat oven to 375 degrees F. Line a baking sheet with parchment paper; set aside. In food processor, combine flour and baking powder. Process briefly to mix. Add Gouda cheese, butter, and Parmesan cheese. Process to mix thoroughly. With food processor running, add lemon juice, processing until dough just forms a ball. Divide dough into 24 equal portions.
2. Drain and rinse olives. Pat olives dry with paper towels. Pat each portion of dough into a 2-inch circle. Place an olive in the center of each circle. Bring dough up around olives; pat seams to seal. Place olive bundles about 1/2-inch apart on prepared baking sheet.
3. Brush olive bundles with egg yolk. Bake about 25 minutes or until golden brown. Serve warm or at room temperature. Makes 24 appetizers.