CFTC Gold COT Report Ledger — 2024-07-16

Weekly Positioning Metrics

Gold Close Price

$2462.40

Smart Money Net

184,532

Total Open Interest

579,862

OI 1W Delta

+63,538

GOLD-USD DIVERGENCE (OI EXPANDING)

Analysis & Institutional Flow

For the CFTC report week ending 2024-07-16, COMEX Gold futures closed at $2462.40. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 184,532 contracts.

Week-over-Week Shift: Open Interest expanded by 63,538 contracts compared to the prior report (2024-07-09), while Gold's net Managed Money position increased by 27,065 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.