CFTC Gold COT Report Ledger — 2024-05-28

Weekly Positioning Metrics

Gold Close Price

$2355.20

Smart Money Net

148,828

Total Open Interest

485,430

OI 1W Delta

-45,161

WEAK BULLISH - UNCONFIRMED (OI CONTRACTING)

Analysis & Institutional Flow

For the CFTC report week ending 2024-05-28, COMEX Gold futures closed at $2355.20. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 148,828 contracts.

Week-over-Week Shift: Open Interest contracted by 45,161 contracts compared to the prior report (2024-05-21), while Gold's net Managed Money position increased by 305 contracts.

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