Gold COT Report: Who Holds the Futures

In the week to Tuesday 13 October 2026, managed money (hedge funds and commodity trading advisers — the speculators) held a net long position of 107,089 contracts in COMEX gold futures (333 tonnes), down 3,898 from the week before. That is lower than in 74% of weeks over the last three years. Updated every Friday from the CFTC's Commitments of Traders report.

Managed money, net

+107,089

contracts · 333 tonnes

Change on week

−3,898

12 tonnes

Share of open interest

27.0%

396,345 contracts open

vs last 3 years

26th

percentile (100 = most long)

vs all since 2006

51st

percentile

Positions as of

13 Oct 2026

released Fri 16 Oct

Net position by trader group vs the gold price

Net position = long minus short contracts (excluding spreads). One contract is 100 troy ounces. Price: gold close on each report Tuesday. Click a name to show or hide it.

Latest Positions by Group

Contracts held on 13 October 2026, and the change from the week before.

Group	Long	Short	Net	Change	Net in tonnes
Managed moneyhedge funds and commodity trading advisers — the speculators	124,747	17,658	+107,089	−3,898	+333
Producers & merchantsminers, refiners and fabricators hedging	18,386	36,823	−18,437	+1,064	−57
Swap dealersbanks hedging over-the-counter deals	13,976	238,070	−224,094	+932	−697
Other reportablesother large traders	120,553	19,763	+100,790	+1,442	+313
Small traderspositions below the reporting level	50,731	16,079	+34,652	+460	+108

Open interest: 396,345 contracts. Longs and shorts don't add up across groups because spread positions (long and short at once) are left out.

Managed money: Last 12 Weeks

Week to	Gold price	Long	Short	Net	Change
13 Oct 2026	$4,177	124,747	17,658	+107,089	−3,898
6 Oct 2026	$4,187	127,101	16,114	+110,987	−9,331
29 Sep 2026	$4,180	131,711	11,393	+120,318	−7,071
22 Sep 2026	$4,376	135,699	8,310	+127,389	−5,727
15 Sep 2026	$4,333	142,394	9,278	+133,116	−1,856
8 Sep 2026	$4,439	145,804	10,832	+134,972	−1,799
1 Sep 2026	$4,396	149,721	12,950	+136,771	−7,976
25 Aug 2026	$4,695	159,819	15,072	+144,747	+3,099
18 Aug 2026	$4,421	154,595	12,947	+141,648	+3,986
11 Aug 2026	$4,441	148,634	10,972	+137,662	+6,896
4 Aug 2026	$4,153	139,809	9,043	+130,766	+10,971
28 Jul 2026	$4,039	135,093	15,298	+119,795	−5,036

Gold COT Report: FAQ

What is the COT report?

The Commitments of Traders report is published by the US Commodity Futures Trading Commission (CFTC) every Friday at 3:30 pm Eastern time. It shows the futures positions held on the previous Tuesday by each group of traders in markets such as COMEX gold futures, split into long and short positions.

Who is "managed money"?

Hedge funds and commodity trading advisers (CTAs) that trade futures for clients — the group most watched as a gauge of speculative sentiment. Producers and merchants are miners, refiners and fabricators hedging their metal; swap dealers are mostly banks offsetting deals with clients, and they are usually net short.

What is managed money's position in gold now?

Net long 107,089 contracts (333 tonnes) as of 13 October 2026, or 27.0% of open interest. The largest net long since 2006 was 273,076 contracts (5 Jul 2016); the lowest was -109,454 (9 Oct 2018).

Does positioning predict the gold price?

Not reliably. When speculators are already very long, there are fewer new buyers left and a sell-off can be sharp, so extreme readings are watched as a contrarian signal — but positions can stay extreme for months. Positioning mostly follows the price, rather than leading it.

When is the next report?

The CFTC publishes every Friday at 3:30 pm ET (Monday or later after US holidays), with positions as of that Tuesday. The latest report on this page was released on Friday 16 October 2026.

Source: US Commodity Futures Trading Commission, Commitments of Traders (disaggregated report, futures only), weekly since Jun 2006. Not investment advice.