CFTC Gold COT Report Ledger — 2023-05-02

Weekly Positioning Metrics

Gold Close Price

$2014.30

Smart Money Net

113,790

Total Open Interest

493,804

OI 1W Delta

+20,595

WEAK BULLISH - UNCONFIRMED (OI EXPANDING)

Analysis & Institutional Flow

For the CFTC report week ending 2023-05-02, COMEX Gold futures closed at $2014.30. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 113,790 contracts.

Week-over-Week Shift: Open Interest expanded by 20,595 contracts compared to the prior report (2023-04-25), while Gold's net Managed Money position increased by 10,987 contracts.

Macro Signal Insight: The quantitative engine registered a WEAK BULLISH - UNCONFIRMED (OI EXPANDING) signal. Gold Smart Money flow was bullish, aligned with institutional buying interest.