CFTC Gold COT Report Ledger — 2026-06-02

Weekly Positioning Metrics

Gold Close Price

$4489.10

Smart Money Net

112,179

Total Open Interest

326,052

OI 1W Delta

-27,437

GOLD-USD DIVERGENCE (OI CONTRACTING)

Analysis & Institutional Flow

For the CFTC report week ending 2026-06-02, COMEX Gold futures closed at $4489.10. The CFTC Commitment of Traders (COT) report revealed that Managed Money (Smart Money) held a net long position of 112,179 contracts.

Week-over-Week Shift: Open Interest contracted by 27,437 contracts compared to the prior report (2026-05-26), while Gold's net Managed Money position increased by 14,733 contracts.

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