CFTC Gold COT Report Ledger — 2024-07-02

Weekly Positioning Metrics

Gold Close Price

$2323.00

Smart Money Net

150,815

Total Open Interest

454,730

OI 1W Delta

+2,540

BEARISH DIVERGENCE (OI FLAT)

Analysis & Institutional Flow

For the CFTC report week ending 2024-07-02, COMEX Gold futures closed at $2323.00. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 150,815 contracts.

Week-over-Week Shift: Open Interest expanded by 2,540 contracts compared to the prior report (2024-06-25), while Gold's net Managed Money position decreased by 7,387 contracts.

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