CFTC Gold COT Report Ledger — 2025-03-04

Weekly Positioning Metrics

Gold Close Price

$2909.60

Smart Money Net

166,658

Total Open Interest

489,270

OI 1W Delta

-22,909

BEARISH DIVERGENCE (OI CONTRACTING)

Analysis & Institutional Flow

For the CFTC report week ending 2025-03-04, COMEX Gold futures closed at $2909.60. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 166,658 contracts.

Week-over-Week Shift: Open Interest contracted by 22,909 contracts compared to the prior report (2025-02-25), while Gold's net Managed Money position decreased by 13,154 contracts.

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