CFTC Gold COT Report Ledger — 2026-05-12

Weekly Positioning Metrics

Gold Close Price

$4677.60

Smart Money Net

98,015

Total Open Interest

376,496

OI 1W Delta

+8,564

GOLD-USD DIVERGENCE (OI EXPANDING)

Analysis & Institutional Flow

For the CFTC report week ending 2026-05-12, COMEX Gold futures closed at $4677.60. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 98,015 contracts.

Week-over-Week Shift: Open Interest expanded by 8,564 contracts compared to the prior report (2026-05-05), while Gold's net Managed Money position increased by 3,761 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.