CFTC Gold COT Report Ledger — 2025-12-23

Weekly Positioning Metrics

Gold Close Price

$4482.80

Smart Money Net

136,270

Total Open Interest

492,103

OI 1W Delta

+21,010

GOLD-USD DIVERGENCE (OI EXPANDING)

Analysis & Institutional Flow

For the CFTC report week ending 2025-12-23, COMEX Gold futures closed at $4482.80. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 136,270 contracts.

Week-over-Week Shift: Open Interest expanded by 21,010 contracts compared to the prior report (2025-12-16), while Gold's net Managed Money position increased by 3,674 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.