Archive for Metals – Page 6

COT Metals Charts: Speculator Changes led by Copper & Platinum

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday August 12th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Weekly Speculator Changes led by Copper & Platinum

The COT metals markets speculator bets were overall lower this week as just two out of the six metals markets we cover had higher positioning while the other four markets had lower speculator contracts.

Leading the gains for the metals was Copper (7,525 contracts) with Platinum (1,126 contracts) also showing a positive week.

The markets with declines in speculator bets for the week were Gold (-7,565 contracts), Silver (-6,390 contracts), Palladium (-1,161 contracts) and with Steel (-626 contracts) also seeing lower bets on the week.

Weekly Metals Performance

The metals markets on the week were mostly lower as 4 out of the 6 markets saw declining prices. Platinum led the week with a 0.58% increase, while Copper rose by 0.54%. Palladium was lower by -0.5%, Silver was down by -1.09% and Gold was down by -1.80%. Steel was the biggest loser on the week with a -3.33% decrease.

In the longer term, over the last 90 days, all these markets are higher, with Copper seeing just a 4.65% rise and is the smallest gainer over 90 days. Palladium, Silver, and Steel are all up by over 20% in the last 90 days, while Gold is up by 12.32%. Platinum is the biggest mover over the last 90 days with a gain of 42.67%.

Metals Data:

Legend: Weekly Speculators Change | Speculators Current Net Position | Speculators Strength Score compared to last 3-Years (0-100 range)

Strength Scores led by Palladium & Silver

COT Strength Scores (a normalized measure of Speculator positions over a 3-Year range, from 0 to 100 where above 80 is Extreme-Bullish and below 20 is Extreme-Bearish) showed that Palladium (78 percent) and Silver (71 percent) lead the metals markets this week. Gold (67 percent) comes in as the next highest in the weekly strength scores.

Strength Statistics:
Gold (67.4 percent) vs Gold previous week (70.2 percent)
Silver (71.4 percent) vs Silver previous week (79.3 percent)
Copper (59.5 percent) vs Copper previous week (52.5 percent)
Platinum (58.0 percent) vs Platinum previous week (55.4 percent)
Palladium (78.2 percent) vs Palladium previous week (86.9 percent)
Steel (59.6 percent) vs Palladium previous week (64.0 percent)

Gold & Palladium top the 6-Week Strength Trends

COT Strength Score Trends (or move index, calculates the 6-week changes in strength scores) showed that Gold (10 percent) and Palladium (7 percent) lead the past six weeks trends for metals.

Silver (-24 percent) leads the downside trend scores currently with Platinum (-11 percent) as the next market with lower trend scores.

Move Statistics:
Gold (10.4 percent) vs Gold previous week (16.0 percent)
Silver (-23.9 percent) vs Silver previous week (-15.4 percent)
Copper (-5.1 percent) vs Copper previous week (-8.1 percent)
Platinum (-11.5 percent) vs Platinum previous week (-20.2 percent)
Palladium (7.4 percent) vs Palladium previous week (16.3 percent)
Steel (-8.3 percent) vs Steel previous week (6.8 percent)

Individual Markets:

Gold Comex Futures:

The Gold Comex Futures large speculator standing this week was a net position of 229,485 contracts in the data reported through Tuesday. This was a weekly decline of -7,565 contracts from the previous week which had a total of 237,050 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 67.4 percent. The commercials are Bearish with a score of 27.6 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 86.5 percent.

Price Trend-Following Model: Uptrend

Our weekly trend-following model classifies the current market price position as: Uptrend.

Gold Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	64.6	14.2	12.0
– Percent of Open Interest Shorts:	13.1	73.2	4.5
– Net Position:	229,485	-263,065	33,580
– Gross Longs:	288,115	63,427	53,656
– Gross Shorts:	58,630	326,492	20,076
– Long to Short Ratio:	4.9 to 1	0.2 to 1	2.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	67.4	27.6	86.5
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	10.4	-9.7	-1.7

Silver Comex Futures:

The Silver Comex Futures large speculator standing this week was a net position of 44,268 contracts in the data reported through Tuesday. This was a weekly decrease of -6,390 contracts from the previous week which had a total of 50,658 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 71.4 percent. The commercials are Bearish with a score of 21.5 percent and the small traders (not shown in chart) are Bullish with a score of 77.9 percent.

Price Trend-Following Model: Uptrend

Our weekly trend-following model classifies the current market price position as: Uptrend.

Silver Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	42.4	26.4	20.9
– Percent of Open Interest Shorts:	14.1	68.9	6.7
– Net Position:	44,268	-66,421	22,153
– Gross Longs:	66,252	41,331	32,647
– Gross Shorts:	21,984	107,752	10,494
– Long to Short Ratio:	3.0 to 1	0.4 to 1	3.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	71.4	21.5	77.9
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-23.9	19.9	4.9

Copper Grade #1 Futures:

The Copper Grade #1 Futures large speculator standing this week was a net position of 28,211 contracts in the data reported through Tuesday. This was a weekly advance of 7,525 contracts from the previous week which had a total of 20,686 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 59.5 percent. The commercials are Bearish with a score of 37.7 percent and the small traders (not shown in chart) are Bullish with a score of 77.2 percent.

Price Trend-Following Model: Weak Uptrend

Our weekly trend-following model classifies the current market price position as: Weak Uptrend.

Copper Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	30.3	33.0	9.8
– Percent of Open Interest Shorts:	15.8	52.6	4.7
– Net Position:	28,211	-38,033	9,822
– Gross Longs:	58,802	63,855	19,016
– Gross Shorts:	30,591	101,888	9,194
– Long to Short Ratio:	1.9 to 1	0.6 to 1	2.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	59.5	37.7	77.2
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-5.1	-0.6	37.7

Platinum Futures:

The Platinum Futures large speculator standing this week was a net position of 17,788 contracts in the data reported through Tuesday. This was a weekly rise of 1,126 contracts from the previous week which had a total of 16,662 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 58.0 percent. The commercials are Bearish with a score of 41.3 percent and the small traders (not shown in chart) are Bullish with a score of 58.8 percent.

Price Trend-Following Model: Uptrend

Our weekly trend-following model classifies the current market price position as: Uptrend.

Platinum Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	58.1	19.1	11.8
– Percent of Open Interest Shorts:	36.3	47.2	5.4
– Net Position:	17,788	-23,015	5,227
– Gross Longs:	47,458	15,571	9,606
– Gross Shorts:	29,670	38,586	4,379
– Long to Short Ratio:	1.6 to 1	0.4 to 1	2.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	58.0	41.3	58.8
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-11.5	11.5	-3.1

Palladium Futures:

The Palladium Futures large speculator standing this week was a net position of -3,496 contracts in the data reported through Tuesday. This was a weekly fall of -1,161 contracts from the previous week which had a total of -2,335 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 78.2 percent. The commercials are Bearish-Extreme with a score of 9.1 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 100.0 percent.

Price Trend-Following Model: Uptrend

Our weekly trend-following model classifies the current market price position as: Uptrend.

Palladium Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	39.6	34.1	15.1
– Percent of Open Interest Shorts:	57.0	26.4	5.5
– Net Position:	-3,496	1,558	1,938
– Gross Longs:	8,005	6,891	3,049
– Gross Shorts:	11,501	5,333	1,111
– Long to Short Ratio:	0.7 to 1	1.3 to 1	2.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	78.2	9.1	100.0
– Strength Index Reading (3 Year Range):	Bullish	Bearish-Extreme	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	7.4	-10.2	14.0

Steel Futures Futures:

The Steel Futures large speculator standing this week was a net position of -718 contracts in the data reported through Tuesday. This was a weekly fall of -626 contracts from the previous week which had a total of -92 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 59.6 percent. The commercials are Bearish with a score of 40.3 percent and the small traders (not shown in chart) are Bullish with a score of 63.6 percent.

Price Trend-Following Model: Strong Downtrend

Our weekly trend-following model classifies the current market price position as: Strong Downtrend.

Steel Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	18.0	77.3	2.0
– Percent of Open Interest Shorts:	21.2	75.0	1.0
– Net Position:	-718	501	217
– Gross Longs:	4,023	17,306	444
– Gross Shorts:	4,741	16,805	227
– Long to Short Ratio:	0.8 to 1	1.0 to 1	2.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	59.6	40.3	63.6
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-8.3	8.9	-11.8

Article By InvestMacro – Receive our weekly COT Newsletter

*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) 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) as well as their open interest (contracts open in the market at time of reporting). See CFTC criteria here.

15 Aug

Supply Disruption Creates Opportunity for Lithium Co. as Prices Rally

Source: Streetwise Reports (8/15/25)

While the timing of the lithium market rebalancing remains under debate, demand growth fundamentals are undisputed. Atlas Lithium Corp. (ATLX:NASDAQ), which,, according to analyst Heiko Ihle, is poised for near-term production, might be in the right position to capture value in the next lithium bull cycle.

The prices of lithium and lithium equities rallied early this week on unexpected news that Chinese regulators shuttered operations at the Jianxiawo lepidolite (a lithium-bearing mineral) mine due to owner noncompliance with permitting requirements.

“The current situation underscores lithium’s emergence as a truly strategic commodity in the global transition to electrification, where supply disruptions can trigger immediate and substantial market reactions across multiple industries and continents,” wrote Mark Reichman, Noble Capital Markets research analyst, in an August 11 research report.

After the news, on Monday alone, the lithium spot price rose nearly 4%, and lithium producers saw their share price increase between about 9% and 20%, reported Reichman. Spot lithium was US$10,850 per metric ton at the close of trading on Tuesday, Aug. 12, up 8.5% from US$10,008 at the end of last week.

The impact, if any, the Jianxiawo shutdown will have on the global lithium oversupply is hard to quantify, given the unknowns surrounding the duration of the closure. According to Benchmark in an Aug. 12 article, lithium prices’ gain this week primarily was due to sentiment and reflects the speculative nature of lithium trading in the Asian country.

MST Financial attributed the price movement to supply concerns amid speculation that Jianxiawo could be closed for much longer than the three months its owner, Contemporary Amperex Technology Co. Ltd. (CATL:ASX), announced, as long as a year, reported Stockhead on Aug. 11. CATL is China’s largest lithium battery producer. Dr. Cam Perks, Benchmark lithium product director, told Stockhead the mine is too important to the local economy, providing 30% of supply to the area’s lithium refineries, to remain closed for a significant time period.

“The fundamentals are really still very strong, and these are anchored in some very powerful, megatrends that we see developing within the global economy: the urgent drive for climate change mitigation, the once in a generational shift in the global energy system and also the rise of energy intensive technologies such as artificial intelligence,”

Jianxiawo’s annual production of lithium carbonate equivalent, about 46,000 metric tons, is equal to about 3% of the global output forecasted for this year, Australian government data show, reported Reuters on Aug. 11.

Thus, Reichman noted, “For investors, the situation presents both opportunities and uncertainties. While the immediate supply shock has benefited lithium stockholders, the underlying fundamentals of oversupply that had previously pressured prices remain largely unchanged.”

This oversupply has persisted throughout the past 18–24 months, according to an Aug. 11 Discovery Alert article. It resulted from a large amount of capacity and production expansion during the 2011-2022 bull market. New technological advances in lithium mining bolstered output at existing operations. The oversupply conditions are still in play; global lithium production capacity is estimated to still exceed demand throughout 2025 by about 100,000–150,000 tons.

“One mine suspension alone is unlikely to rebalance the market,” the Discovery Alert article read. “The market will likely require multiple quarters of coordinated production restraint before a sustainable uptrend can develop.”

In contrast, Barry Dawes, executive chairman of Martin Place Securities, wrote in an Aug. 11 note that the needed adjustment to reduce inventory levels has happened, the lithium market has bottomed, and more than half of lithium production costs are higher than the current lithium price. Underlying demand growth is strong, and with that, prices are poised to move higher. In other words, a new lithium bull market is underway.

“Lithium has been the most hated sector in the market for some time,” wrote Dawes. “The wheel turns.”

Investing News Network (INN) wrote in a July 21 article that long-term fundamentals “promise sustained demand growth into the next decade.” Now, with digitalization (data centers) and renewable energy integration (battery energy storage systems) requiring lithium in addition to electric vehicles (EVs), demand for the metal has picked up, remains strong, and is expected to rise.

According to a BloombergNEF report in June, global EV sales are predicted to reach 22 million (22M) in 2025, up 25% from last year due to lithium-ion batteries being less expensive and greater availability of more affordable EV models.

Total global demand for lithium carbonate equivalent, reported Statista, could reach about 2,500,000 metric tons by 2030, up from 292,000 metric tons in 2020.

“The fundamentals are really still very strong, and these are anchored in some very powerful, megatrends that we see developing within the global economy: the urgent drive for climate change mitigation, the once in a generational shift in the global energy system and also the rise of energy intensive technologies such as artificial intelligence,” Paul Lusty, head of battery raw materials research at Fastmarkets, said about lithium at a July conference, INN reported.

A more favorable lithium market, including higher prices of the metal, could benefit companies in the lithium mining space. Here’s a look at one U.S.-based lithium developer:

Atlas Lithium

Atlas Lithium Corp. (ATLX:NASDAQ) is advancing its fully permitted Neves Lithium Project in Brazil. On August 4, 2025, the Company released its Definitive Feasibility Study (DFS), a nearly 500-page comprehensive technical report that establishes the foundation for the project’s anticipated strong financial returns. The study projects an 11-month payback period, a 145% internal rate of return, and a net present value exceeding $539 million. Additional details are available in the Company’s DFS filing with the SEC.

“With Atlas’ low-cost operations nearing first production, we believe that the company is well-positioned to generate strong long-term returns and provide valuable geopolitical diversification compared to other major lithium players, justifying its continued position as one of our Top Picks for 2025,” wrote Heiko Ihle, analyst at H.C. Wainwright & Co., in a July 14 research report.

Earlier this month, Atlas released a definitive feasibility study of Neves, Streetwise Reports reported. Study highlights were strong economics and a low capex. At an SC5.5 price of US$1,700 per ton (US$1,700/ton) and at a break-even SC5.5 price of US$735/ton, the project would yield a net present value of about US$540 million (US$540M) and an internal rate of return of 145%. Remaining capex to be paid is US$57.6M.

“The limited capex remaining, coupled with Neves’ status as a shovel-ready project, place Atlas in pole position to become the next lithium producer in Brazil’s lithium valley over the next year,” wrote Jake Sekelsky, analyst with Alliance Global Partners, in an Aug. 5 research report.

Streetwise Ownership Overview*

Atlas Lithium Corp. (ATLX:NASDAQ)

	Retail: 52%
	Insiders & Management: 27%
	Strategic Investors: 11%
	Institutional: 10%

52%

27%

11%

10%

^*Share Structure as of 8/14/2025

Source: Atlas Lithium Corp.

Sekelsky expects Atlas to keep moving forward at Neves despite lithium market headwinds because of the project’s low cost structure and limited capex needed to take it to production. That said, the analyst expects lithium prices to start moving up as 2026 approaches, coinciding with Atlas’ project development ramp-up. Sekelsky also pointed out the expansion potential upside as Atlas could, down the line, increase plant capacity to 300,000 tons per year of SC5.5 from 150,000. Sekelsky has a Buy rating and a target price on Atlas, implying a potential return for investors of 235%.

H.C. Wainwright Analyst Ihle also rates Atlas Buy, and his target on the lithium developer suggests a possible 201% uplift, according to his report. In it, the analyst highlighted how close Atlas is to producing battery-grade spodumene concentrate and how it already secured agreements tied to future production, with Chengxin and Yahua, two major lithium companies, and Mitsui & Co. Ltd., a general trading company. Also, noted Ihle, subsidiary Atlas Critical Minerals, with about 54,000 hectares of property prospective for total rare earth oxides, titanium, graphite, and, potentially, uranium, strengthens Atlas Lithium’s position in Brazil’s critical minerals sector.

“This project complements the firm’s Neves project, as we expect the near-term cash flow to support Atlas’ long-term strategy of becoming a leading player in [the] global energy transition,” wrote Ihle.

Ownership and Share Structure

According to Atlas Lithium, its management and insiders own about 27% of the company’s shares. Strategic partners, including Mitsui & Co., hold another roughly 11%. Institutional investors own about 10%. The rest, about 52%, is in retail.

Refinitiv reports that Atlas has 19.58M outstanding shares and 11.43M free float traded shares. Its market cap is US$117.3M. Its 52-week range is US$3.54–12.48 per share.

Important Disclosures:

Atlas Lithium Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000
As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Atlas Lithium Corp.
Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.
This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

Financial News Metals

13 Aug

A Big Fall Is Coming

Source: Barry Dawes (8/12/25)

Barry Dawes of Martin Place Securities shares his thoughts on the gold sector and one stock he is looking to buy back into.

Gold has not shown any strength here.

These are not bullish market actions.

Weakness is already showing with gold, down US$22 at the time of this article.

A big fall is coming.

An interesting EW view from @ElephantCapita2

Wave 4 correction coming.

Would give 160 on XAU, then new highs coming.

Wait for re-entry to our best big gold stocks.

North American Gold Stocks

This is one for the history books.

100% ratings here!

Too much enthusiasm here:

Here likely to pull back to at least 10. Up 70$ in 2025, and up 120% in 18 months.

Look to buy back into Northern Star Resources Ltd. (NST:ASX) below AU$13 sometime in September or October.

ASX Gold Sector

ASX gold index is back to 10,000.

There are too many gaps in the ASX gold index.

Head the markets!

Important Disclosures:

Barry Dawes: I, or members of my immediate household or family, own securities of: None. My company has a financial relationship with: None. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.
Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

Metals Opinions

11 Aug

Gold Weakens Amid Improved Risk Appetite

By RoboForex Analytical Department

Gold opened the week lower, slipping below 3,380 USD per troy ounce on Monday, as easing geopolitical tensions reduced demand for the metal as a safe-haven asset.

On Friday, US President Donald Trump announced plans to meet Russian President Vladimir Putin in Alaska on 15 August to negotiate a ceasefire. A successful outcome could diminish the likelihood of further US sanctions against Moscow.

Despite the decline, prices found some support from lingering trade risks and growing expectations of a Fed rate cut by year-end. Last Thursday, higher US tariffs on imports from several countries came into effect, prompting the affected trade partners to seek urgent concessions.

This week, investors will focus on key US economic data, including CPI and PPI inflation figures and retail sales, to gauge the Fed’s next policy moves.

Adding to market uncertainty, the White House’s stance on gold bullion tariffs remains unclear. Last week, the US government confirmed that gold imports are subject to duties, while upcoming inflation data could influence the Fed’s rate decision.

Technical Analysis: XAU/USD

H4 Chart:

The XAU/USD pair is consolidating broadly around 3,383 USD, with recent swings extending between 3,408 USD (upper bound) and 3,367 USD (lower bound). Today, we anticipate a rise towards 3,420 USD, potentially stretching to 3,425 USD, followed by a fresh downward wave targeting 3,345 USD. A break below this level could extend losses to 3,255 USD. This outlook is supported by the MACD indicator, where the signal line remains above zero and points firmly upward.

H1 Chart:

The pair has completed an upward structure to 3,408 USD, with a subsequent correction to 3,368 USD. Today, we expect a rebound towards 3,393 USD, effectively marking the consolidation range. An upside breakout could propel prices towards 3,420 USD, while a downside breakout may trigger a decline to 3,313 USD. The Stochastic oscillator corroborates this view, with its signal line below 50 and trending downward towards 20.

Conclusion

Gold remains under pressure amid reduced safe-haven demand, although trade tensions and Fed rate cut expectations provide some support. Technically, the metal faces key resistance near 3,420 USD, with a bearish reversal likely upon failure to sustain momentum.

Disclaimer

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

Financial News Metals

09 Aug

COT Metals Charts: Gold Speculator Bets up higher for 5th time in 6 weeks

By InvestMacro

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday August 5th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Weekly Speculator Changes led by Gold

The COT metals markets speculator bets were decisively lower this week as just one out of the six metals markets we cover had higher positioning while the other five markets had lower speculator contracts.

Leading the gains for the metals was Gold with a rise of 13,454 contracts on the week.

The markets with declines in speculator bets for the week were Copper (-16,661 contracts), Silver (-8,749 contracts), Platinum (-3,906 contracts), Steel (-1,265 contracts) and with Palladium (-482 contracts) also having lower bets on the week.

Gold Speculator Bets rose for 5th time in 6 weeks

Gold speculator bets rose this week for the fifth time out of the last six weeks, and for the ninth time out of the last 12 weeks. The gold speculator bets have now been over +200,000 contracts in these last six weeks after a cool off in bets from April to June that saw just one week over +200,000 speculator positions.

The gold price was up 1.25% this week, while being up only two percent over the last 30 days and higher by just under nine percent over the last 90 days.

Elsewhere, silver was the highest mover on the week with a gain of almost 4%. Platinum followed with a gain over 2%. Platinum has been up by over 40% in the last 90 days. Copper came in at just below 1% for gains this week, while Steel fell 0.70% and Palladium took a big hit by almost 7% on the week, even though Palladium is up 20% in the last 90 days.