CFTC Gold COT Report Ledger — 2025-04-22

Weekly Positioning Metrics

Gold Close Price

$3400.80

Smart Money Net

120,902

Total Open Interest

465,351

OI 1W Delta

+8,723

BEARISH DIVERGENCE (OI EXPANDING)

Analysis & Institutional Flow

For the CFTC report week ending 2025-04-22, COMEX Gold futures closed at $3400.80. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 120,902 contracts.

Week-over-Week Shift: Open Interest expanded by 8,723 contracts compared to the prior report (2025-04-15), while Gold's net Managed Money position decreased by 3,952 contracts.

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