CFTC Gold COT Report Ledger — 2024-09-03

Weekly Positioning Metrics

Gold Close Price

$2489.90

Smart Money Net

192,090

Total Open Interest

511,136

OI 1W Delta

-10,623

WEAK BEARISH - UNCONFIRMED (OI CONTRACTING)

Analysis & Institutional Flow

For the CFTC report week ending 2024-09-03, COMEX Gold futures closed at $2489.90. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 192,090 contracts.

Week-over-Week Shift: Open Interest contracted by 10,623 contracts compared to the prior report (2024-08-27), while Gold's net Managed Money position decreased by 8,201 contracts.

Macro Signal Insight: The quantitative engine registered a WEAK BEARISH - UNCONFIRMED (OI CONTRACTING) signal. Gold Smart Money flow showed bearish distribution.