By CountingPips.com – Receive our weekly COT Reports by Email
Gold Non-Commercial Speculator Positions:
Large precious metals speculators added to their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 249,604 contracts in the data reported through Tuesday October 20th. This was a weekly boost of 8,933 net contracts from the previous week which had a total of 240,671 net contracts.
Free Reports:
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
The week’s net position was the result of the gross bullish position (longs) rising by 13,220 contracts (to a weekly total of 340,206 contracts) while the gross bearish position (shorts) rose by a lesser amount of 4,287 contracts for the week (to a total of 90,602 contracts).
Gold speculators continued to raise their bullish bets this week for the third time in the past four weeks. Gold bets have also gained for six out of the past eight weeks with the net contracts rising by a total of +28,566 contracts over that period. These increases have pushed the current speculator standing to the most bullish level of the past thirteen weeks, dating back to July 21st.
Gold Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -294,124 contracts on the week. This was a weekly loss of -9,469 contracts from the total net of -284,655 contracts reported the previous week.
Gold Futures:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1910.40 which was an advance of $21.90 from the previous close of $1888.50, according to unofficial market data.
*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets.
The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators).
Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
Article By CountingPips.com – Receive our weekly COT Reports by Email
- Tariffs on US imports come into effect today. The RBNZ expectedly lowered the rate by 0.25% Apr 9, 2025
- Volatility in financial markets is insane. Oil fell to $60.7 per barrel Apr 8, 2025
- Japanese Yen Recovers Some Losses as Investors Seek Safe-Haven Assets Apr 8, 2025
- The sell-off in risk assets intensified as tariffs took effect Apr 7, 2025
- COT Metals Charts: Speculator Bets led lower by Gold, Copper & Silver Apr 5, 2025
- COT Bonds Charts: Speculator Bets led by SOFR 1-Month & US Treasury Bonds Apr 5, 2025
- COT Soft Commodities Charts: Speculator Bets led by Soybean Oil, Cotton & Soybeans Apr 5, 2025
- COT Stock Market Charts: Speculator Bets led by S&P500 & Nasdaq Apr 5, 2025
- Today, investors focus on the Non-Farm Payrolls labor market report Apr 4, 2025
- USD/JPY collapses to a 6-month low: safe-haven assets in demand Apr 4, 2025
