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Markets

Gold

Metals · GC · futures only · positions as of 2026-08-04
Large specs positioning balanced · COT Index 52Large specs added 16k net this week
Positioning history
PriceGC futures
close 4,401
5,4003,5231,646
Net positionscontracts
+315k0−340k
COT Index3-year lookback · Large specs
now 52
100500
Open interestcontractsnow 372k
639k482k326k
2022Jul2023Jul2024Jul2025Jul2026Jul
From
To
5.0 years · 260 weeks
COT Indexlarge specs · net
6-month100 / 100
1-year39 / 100
3-year52 / 100
0 · short extremelong extreme · 100
Concentration% of OI held by largest traders
4 largest
Long
22.3%
Short
38.8%
8 largest
Long
32.8%
Short
57.8%
COT report · Legacyweek of 2026-08-04 · CFTC 088691
Open interest 371,551Δ OI −13,052 · 3.4%Total traders 265
Non-CommercialCommercialTotalNon-Reportable
LongShortSpreadsLongShortLongShortLongShort
Positions227,01329,37928,17571,832298,323327,020355,87744,53115,674
Change+7,391−8,173+38−3,628+10,554+3,801+2,419−16,853−15,471
% of OI61.1%7.9%7.6%19.3%80.3%88.0%95.8%12.0%4.2%
# Traders15443665046231132
Long vs short, by groupcontracts and directional share · spreading excluded
Long Short
Non-Commercial
Long 227,013Short 29,379
Commercial
Long 71,832Short 298,323
Non-Reportable
Long 44,531Short 15,674

Recent history

Weekly net positions and change from the previous report
Recent weekly COT history. Select a report date to open its full report above.
Report dateOpen interestNon-CommercialCommercialNon-Reportable
NetΔNetΔNetΔ
371,551197,634 +15,564−226,491 −14,18228,857 −1,382
384,603182,070 −1,840−212,309 +89030,239 +950
383,368183,910 −2,772−213,199 +1,58929,289 +1,183
383,689186,682 −7,564−214,788 +7,49428,106 +70
371,776194,246 +227−222,282 −1,21228,036 +985
369,541194,019 +12,680−221,070 −15,66627,051 +2,986
352,167181,339 +1,119−205,404 +2,15924,065 −3,278
339,330180,220 +6,383−207,563 −6,52727,343 +144
332,709173,837 −2,183−201,036 +5,30927,199 −3,126
326,052176,020 +21,760−206,345 −20,57930,325 −1,181
353,489154,260 −5,573−185,766 +5,86331,506 −290
379,325159,833 −11,789−191,629 +18,62931,796 −6,840

Long positions

Reported long contracts and share by trader group · spreading excluded

Contracts
Share of all long contracts % of side totalLarge specs 66.1%Commercials 20.9%Small 13.0%
From
To
5.0 years · 260 weeks

Short positions

Reported short contracts and share by trader group · spreading excluded

Contracts
Share of all short contracts % of side totalLarge specs 8.6%Commercials 86.9%Small 4.6%
From
To
5.0 years · 260 weeks

How to read Gold

Track how commercial and non-commercial traders are positioned in COMEX Gold futures. The latest snapshot puts net positions, weekly changes, open interest and the COT Index in one comparable view.

Read changes in non-commercial positioning alongside open interest. A larger net long with rising open interest describes a different participation backdrop from the same net change during falling open interest, but neither combination predicts price on its own.

This public analysis uses the Legacy report so its headline COT Index matches the market board. Open the Disaggregated report in the app for its more specific trader categories.

What this series covers

This series covers COMEX Gold futures. It does not represent the entire global gold market, over-the-counter trading, ETFs or physical holdings.

COT data is a weekly snapshot of positions held at Tuesday’s close and is generally published on Friday. It shows aggregate positions by CFTC classification, not the motive behind each trade.

Method and source

Take Gold into the full screener.

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