CFTC Gold COT Report Ledger — 2026-02-03

Weekly Positioning Metrics

Gold Close Price

$4903.70

Smart Money Net

92,072

Total Open Interest

409,694

OI 1W Delta

-78,769

STRONG BEARISH CONFIRMATION (OI CONTRACTING)

Analysis & Institutional Flow

For the CFTC report week ending 2026-02-03, COMEX Gold futures closed at $4903.70. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 92,072 contracts.

Week-over-Week Shift: Open Interest contracted by 78,769 contracts compared to the prior report (2026-01-27), while Gold's net Managed Money position decreased by 26,087 contracts.

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