CFTC Gold COT Report Ledger — 2025-01-21

Weekly Positioning Metrics

Gold Close Price

$2755.00

Smart Money Net

215,869

Total Open Interest

571,387

OI 1W Delta

+44,920

GOLD-USD DIVERGENCE (OI EXPANDING)

Analysis & Institutional Flow

For the CFTC report week ending 2025-01-21, COMEX Gold futures closed at $2755.00. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 215,869 contracts.

Week-over-Week Shift: Open Interest expanded by 44,920 contracts compared to the prior report (2025-01-14), while Gold's net Managed Money position increased by 20,247 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.