Gold

GOLD · COMMODITY EXCHANGE INC. · CFTC code 088691 · week ending 2026-08-11

Trader category

Range

Managed Money is net long 34.4% of open interest

Managed Money holds a net position of 137,662 contracts, or 34.4% of the 400,309 contracts of open interest, leaving the category net long. That is within the normal range of the last three years (z = +0.84 and sits at 87 on a 0–100 scale of its three-year range). The two measures disagree here: positioning sits near the top of its three-year range, but the range is wide enough that it is not statistically unusual. In contracts, the net position moved +6,896 while open interest moved +28,758 — new longs entering, with fresh money taking the long side as open interest grew alongside the position. As a share of open interest it still fell 0.81pp, because open interest grew faster than the position did.

Net position as a share of open interest

Managed Money · blue above the line is net long, red below is net short

Open interest

The denominator. Positioning shares mean little without knowing whether the market itself is growing or shrinking.

Z-score vs its own 3-year history

Shaded beyond ±2σ. Measures how unusual today's share is for this market.

COT Index (0–100)

Rank within the 3-year range. Shaded below 10 and above 90.

Weekly flow, adjusted for open interest

Change in the net share week over week, in percentage points of open interest.

Who is on the other side

Net share of open interest by trader group. The groups net to zero — every long is someone's short.

Producer / Merchant Swap Dealer Managed Money Other Reportable Non-Reportable

Recent weeks (table view)

Week	Open interest	Net	Net % OI	Δ pp	Z	COT Idx
2026-08-11	400,309	137,662	34.39%	-0.81	0.84	87
2026-08-04	371,551	130,766	35.19%	4.05	0.94	88
2026-07-28	384,603	119,795	31.15%	-1.41	0.50	80
2026-07-21	383,368	124,831	32.56%	1.08	0.66	83
2026-07-14	383,689	120,779	31.48%	0.23	0.55	81
2026-07-07	371,776	116,161	31.24%	-1.25	0.53	80
2026-06-30	369,541	120,091	32.50%	-0.27	0.68	83
2026-06-23	352,167	115,395	32.77%	-0.75	0.72	83
2026-06-16	339,330	113,721	33.51%	1.69	0.81	85
2026-06-09	332,709	105,863	31.82%	-2.59	0.63	81
2026-06-02	326,052	112,179	34.41%	6.84	0.93	87
2026-05-26	353,489	97,446	27.57%	2.91	0.18	72