Article Link : http://www.resourceinvestor.com/2012/07/27/is-auditing-the-fed-positive-for-gold?ref=hp
If anything, it's good for the people and it somehow, even for just a little, gets to put a constraint on their immoral monetary system. And yes, it's good for gold, in my opinion, because it exposes the immorality of the current monetary system and gold will continue to rise as the market dictates and the price continues to correct and show that gold truly is money.
It might set the ball rolling with regards to tge gold price sooner than if the Fed is allowed to continue with their operations. But the Fed is going to fail eventually somewhere down the line, and the later it does, the more bullish for gold.