CFTC Gold COT Report Ledger — 2025-11-04

Weekly Positioning Metrics

Gold Close Price

$3947.70

Smart Money Net

100,545

Total Open Interest

450,399

OI 1W Delta

-6,723

WEAK BEARISH - UNCONFIRMED (OI CONTRACTING)

Analysis & Institutional Flow

For the CFTC report week ending 2025-11-04, COMEX Gold futures closed at $3947.70. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 100,545 contracts.

Week-over-Week Shift: Open Interest contracted by 6,723 contracts compared to the prior report (2025-10-28), while Gold's net Managed Money position decreased by 3,614 contracts.

Macro Signal Insight: The quantitative engine registered a WEAK BEARISH - UNCONFIRMED (OI CONTRACTING) signal. Gold Smart Money flow showed bearish distribution.