Gold COT Futures Large Trader Positions
Gold Non-Commercial Speculator Positions:
Large precious metals speculators raised their bullish net positions in the Gold futures markets into February, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
This latest COT data is from early February due to the government shutdown which suspended the releases for approximately a month. The CFTC is releasing data on Tuesdays and Fridays going forward until the data is back up to date.
The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 109,095 contracts in the data reported through Tuesday, February 5th. This was a weekly advance of 9,502 net contracts from the previous week which had a total of 99,593 net contracts.
The week’s net position was the result of the gross bullish position (longs) increasing by 5,882 contracts to a weekly total of 218,200 contracts compared to the gross bearish position (shorts) which saw a decrease by -3,620 contracts for the week to a total of 109,105 contracts.
The speculative net position rose for a second week through February 5th after dropping in the previous three weeks. The gold standing bounced back over the +100,000 net contract level for the first time in six weeks.
Gold Commercial Positions:
The commercial traders’ position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -131,242 contracts on the week. This was a weekly decrease of -12,633 contracts from the total net of -118,609 contracts reported the previous week.
Gold COT Futures Large Trader Vs Gold Futures
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Gold Futures (Front Month) closed at approximately $1319.20 which was an increase of $10.30 from the previous close of $1308.90, according to unofficial market data.