CFTC Gold COT Report Ledger — 2025-09-23

Weekly Positioning Metrics

Gold Close Price

$3780.60

Smart Money Net

160,549

Total Open Interest

528,789

OI 1W Delta

+12,568

GOLD-USD DIVERGENCE (OI EXPANDING)

Analysis & Institutional Flow

For the CFTC report week ending 2025-09-23, COMEX Gold futures closed at $3780.60. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 160,549 contracts.

Week-over-Week Shift: Open Interest expanded by 12,568 contracts compared to the prior report (2025-09-16), while Gold's net Managed Money position increased by 1,578 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.