CFTC Gold COT Report Ledger — 2024-05-21

Weekly Positioning Metrics

Gold Close Price

$2421.70

Smart Money Net

148,523

Total Open Interest

530,591

OI 1W Delta

+7,639

GOLD-USD DIVERGENCE (OI EXPANDING)

Analysis & Institutional Flow

For the CFTC report week ending 2024-05-21, COMEX Gold futures closed at $2421.70. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 148,523 contracts.

Week-over-Week Shift: Open Interest expanded by 7,639 contracts compared to the prior report (2024-05-14), while Gold's net Managed Money position increased by 18,088 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.