Gold COT report: COMEX gold futures positioning

By Forexuro Desk · Updated 31 October 2026, 05:00 UK time

Reviewed by the Forexuro Desk editorial team · Last reviewed 27 October 2026 · Educational content, not financial advice

In the week to Tuesday 27 October 2026, non-commercial traders in Gold futures (COMEX, GC) were net long 186,451 contracts, a long position 13,414 contracts smaller than a week earlier. That reading sits in the 26th percentile of the past 3 years, with a 3-year COT index of 30 out of 100.

The report was published by the CFTC on Friday 30 October 2026 at 15:30 Eastern Time (19:30 UK time), as it is most weeks, and reflects positions at the close of trading on Tuesday. Managed money were net long 105,562 contracts.

Gold COT chart: 3 years of positioning

• Non-commercial net long
• Managed money net
• COT index (shaded: 90 to 100 and 0 to 10)

COMEX gold futures are the main US gold futures market (100 troy ounces per contract). In the Disaggregated report, managed money (hedge funds and commodity trading advisers) is the group most traders follow, while swap dealers, which include bullion banks, usually hold the matching net short. Real interest rates, the US dollar and central bank gold buying are the usual background drivers.

What extreme gold positioning meant in the past

We looked at every week since 24 December 2012 (the first week with 3 full years of history before it) and marked the start of each episode when the non-commercial COT index reached 90 or more, or 10 or less, after at least 4 weeks outside that zone. For each start we record where the COT index stood 13 weeks later. This is a description of the past, not a forecast.

COT index 90 or more (extreme long): 5 episodes since 24 December 2012, lasting a median of 3 weeks. Thirteen weeks after the start, the COT index had a median of 86.

COT index 10 or less (extreme short): 10 episodes since 24 December 2012, lasting a median of 6 weeks. Thirteen weeks after the start, the COT index had a median of 30.

We do not hold a free official daily gold price series, so for gold this section covers positioning only. Managed money figures are in the table and the CSV.

Gold COT data: the last 52 weeks

How to read the Gold COT report

One contract is contracts of 100 troy ounces. The CFTC publishes the Gold futures (COMEX, GC) figures in several reports. The Legacy report splits traders into non-commercial (mostly speculators such as funds), commercial (hedgers) and non-reportable (smaller traders below the reporting threshold). The Disaggregated report splits the same market into producers and merchants, swap dealers, managed money and other reportables. A net position is longs minus shorts. Spread positions, held long and short at the same time, are left out of the net figure.

The COT index places this week's non-commercial net position inside its own range over the last 156 weeks: 0 is the most short (or least long) of the 3 years and 100 the most long. The percentile is the share of the other weeks in the window with a lower net position. We flag readings of 90 or more as extreme long and 10 or less as extreme short. Neither number says where the price will go: they show how crowded positioning is compared with its own history.

Related XAU/USD pages

• XAU/USD pair guide
• XAU/USD forecast this week
• XAU/USD signal results
• COT report for all forex markets and gold, latest week
• Other markets: EUR COT, GBP COT, JPY COT, AUD COT, NZD COT, CAD COT, CHF COT, USD Index COT

For the trade ideas themselves, Forexuro posts gold signals with every closed trade in the trade history, and daily notes in the free Telegram channel.

Download the data and sources

The full weekly series from 5 January 2010 to 27 October 2026 (878 reports) is free to download as gold.csv. CFTC data is a work of the US government and in the public domain; please cite the CFTC as the source.

Official sources

• CFTC: Commitments of Traders (release schedule and explanatory notes)
• CFTC Public Reporting Environment: Legacy Futures Only and Disaggregated Futures Only datasets

Trading carries a high risk of loss. Not FCA-regulated. Not financial advice. Risk disclosure

Education only, not financial advice. Trading forex, gold and CFDs carries a high risk of losing money, and leverage magnifies both gains and losses. Past positioning and past price moves are not a reliable guide to future results. Read our risk disclosure.