CFTC Gold COT Report Ledger — 2026-05-19

Weekly Positioning Metrics

Gold Close Price

$4506.30

Smart Money Net

93,540

Total Open Interest

379,325

OI 1W Delta

+2,829

BEARISH DIVERGENCE (OI FLAT)

Analysis & Institutional Flow

For the CFTC report week ending 2026-05-19, COMEX Gold futures closed at $4506.30. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 93,540 contracts.

Week-over-Week Shift: Open Interest expanded by 2,829 contracts compared to the prior report (2026-05-12), while Gold's net Managed Money position decreased by 4,475 contracts.

Macro Signal Insight: The quantitative engine registered a BEARISH DIVERGENCE (OI FLAT) signal. Gold Smart Money flow diverged from USD Index speculator flow, indicating macroeconomic stress.