Weekly Large Trader COT Report: Gold
Gold speculative positions rose last week to +32,442 net contracts
GOLD Non-Commercial Positions:
Gold speculator and large futures traders slightly edged their gold bullish positions higher last week for a second 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 Comex gold futures, traded by large speculators and hedge funds, totaled a net position of +32,442 contracts in the data reported through August 11th. This was a weekly change of +2,542 contracts from the previous week’s total of +29,900 net contracts that was registered on August 4th.
The rise in the weekly net speculator positions (+2,542 net contracts) was due to a gain in the weekly bullish positions by 2,986 contracts that overtook an increase in the weekly bearish positions by 444 contracts.
Gold Commercial Positions:
In the commercial positions for gold on the week, the commercials (hedgers or traders engaged in buying and selling for business purposes) added to their overall bearish positions to a net total position of -24,458 contracts through August 11th. This was a weekly change of -9,638 contracts from the total net position of -14,820 contracts on August 4th.
GLD ETF:
Over the weekly reporting time-frame, from Tuesday August 4th to Tuesday August 11th, the price of the (ARCA:GLD) Gold ETF, which tracks the gold spot price, advanced from approximately $104.31 to $106.26, according to ETF price data of the SPDR Gold Trust ETF (GLD).
Last 6 Weeks of Large Trader Positions
| Date | Open Interest | Change OI | Net Commercial Positions | Weekly Com Changes | Net Large Specs Positions | Weekly Spec Changes |
| 20150707 | 452145 | 9844 | -52589 | 22180 | 50448 | -16707 |
| 20150714 | 462664 | 10519 | -48469 | 4120 | 47824 | -2624 |
| 20150721 | 459760 | -2904 | -21584 | 26885 | 28279 | -19545 |
| 20150728 | 438282 | -21478 | -15266 | 6318 | 24465 | -3814 |
| 20150804 | 434273 | -4009 | -14820 | 446 | 29900 | 5435 |
| 20150811 | 435489 | 1216 | -24458 | -9638 | 32442 | 2542 |
*COT Report: The weekly commitment of traders report summarizes the total trader positions for open contracts in the futures trading 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).