CFTC Gold COT Report Ledger — 2025-09-30

Weekly Positioning Metrics

Gold Close Price

$3840.80

Smart Money Net

145,227

Total Open Interest

493,748

OI 1W Delta

-35,041

BEARISH DIVERGENCE (OI CONTRACTING)

Analysis & Institutional Flow

For the CFTC report week ending 2025-09-30, COMEX Gold futures closed at $3840.80. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 145,227 contracts.

Week-over-Week Shift: Open Interest contracted by 35,041 contracts compared to the prior report (2025-09-23), while Gold's net Managed Money position decreased by 15,322 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.