CFTC Gold COT Report Ledger — 2023-06-20

Weekly Positioning Metrics

Gold Close Price

$1935.50

Smart Money Net

76,039

Total Open Interest

438,037

OI 1W Delta

+5,139

GOLD-USD DIVERGENCE (OI EXPANDING)

Analysis & Institutional Flow

For the CFTC report week ending 2023-06-20, COMEX Gold futures closed at $1935.50. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 76,039 contracts.

Week-over-Week Shift: Open Interest expanded by 5,139 contracts compared to the prior report (2023-06-13), while Gold's net Managed Money position increased by 1,396 contracts.

Macro Signal Insight: The quantitative engine registered a GOLD-USD DIVERGENCE (OI EXPANDING) signal. Gold Smart Money flow diverged from USD Index speculator flow, indicating macroeconomic stress.