Micro Gold COT Report — Net Positioning
Micro Gold futures · COMEX · CFTC contract code 088695
Latest positioning
Week ending 6 October 2026 · cut 2,256 on the week · open interest 101,296 (-194)
Net speculative position — last 52 weeks
The current reading sits in the 4th percentile of its 3-year range — over the past 3 years, the net position has been lower than it is now 4% of the time. A high reading means the position is crowded by its own historical standards; it is context, not a forecast.
All three cohorts
| Category | Net position | Week change |
|---|---|---|
| Large speculatorsFunds and managed money | -27,012 | -2,256 |
| CommercialsProducers, users and banks hedging physical exposure | +8,131 | +98 |
| Small tradersBelow the CFTC reporting threshold | +18,881 | — |
The three cohorts net to zero between them — every long has a short on the other side. Commercials being heavily short is normal for a produced commodity and is not a bearish view; it is a hedge against inventory they already own.
Weekly history
| Week ending | Specs net | Open interest |
|---|---|---|
| 6 Oct 2026 | -27,012 | 101,296 |
| 29 Sep 2026 | -24,756 | 101,490 |
| 22 Sep 2026 | -23,913 | 98,428 |
| 15 Sep 2026 | -18,727 | 90,365 |
| 8 Sep 2026 | -26,095 | 87,451 |
| 1 Sep 2026 | -27,417 | 83,554 |
| 25 Aug 2026 | -18,789 | 70,928 |
| 18 Aug 2026 | -19,291 | 63,633 |
| 11 Aug 2026 | -14,937 | 61,412 |
| 4 Aug 2026 | -14,594 | 55,508 |
| 28 Jul 2026 | -10,556 | 83,553 |
| 21 Jul 2026 | -13,814 | 77,769 |
| 14 Jul 2026 | -15,556 | 74,364 |
| 7 Jul 2026 | -15,463 | 70,778 |
| 30 Jun 2026 | -14,945 | 64,819 |
| 23 Jun 2026 | -22,278 | 61,967 |
| 16 Jun 2026 | -22,940 | 57,461 |
| 9 Jun 2026 | -21,470 | 59,682 |
| 2 Jun 2026 | -24,393 | 55,714 |
| 26 May 2026 | -17,232 | 65,249 |
| 19 May 2026 | -24,044 | 68,209 |
| 12 May 2026 | -23,877 | 67,067 |
| 5 May 2026 | -24,542 | 65,308 |
| 28 Apr 2026 | -23,047 | 61,830 |
| 21 Apr 2026 | -25,920 | 60,480 |
| 14 Apr 2026 | -13,439 | 59,913 |
| 7 Apr 2026 | -13,177 | 57,228 |
| 31 Mar 2026 | -13,091 | 57,288 |
| 24 Mar 2026 | -16,603 | 71,997 |
| 17 Mar 2026 | -24,829 | 64,123 |
| 10 Mar 2026 | -21,307 | 58,116 |
| 3 Mar 2026 | -20,752 | 60,931 |
| 24 Feb 2026 | -21,078 | 59,925 |
| 17 Feb 2026 | -17,489 | 60,814 |
| 10 Feb 2026 | -14,726 | 60,592 |
| 3 Feb 2026 | -13,892 | 53,594 |
| 27 Jan 2026 | -14,711 | 78,421 |
| 20 Jan 2026 | -7,943 | 78,970 |
| 13 Jan 2026 | -14,372 | 72,555 |
| 6 Jan 2026 | -14,509 | 68,733 |
| 30 Dec 2025 | -25,403 | 70,021 |
| 23 Dec 2025 | -16,094 | 65,212 |
| 16 Dec 2025 | -16,886 | 57,894 |
| 9 Dec 2025 | -16,393 | 54,042 |
| 2 Dec 2025 | -16,265 | 51,164 |
| 25 Nov 2025 | -14,625 | 44,734 |
| 18 Nov 2025 | -40,665 | 84,281 |
| 10 Nov 2025 | -37,006 | 80,918 |
| 4 Nov 2025 | -40,176 | 76,611 |
| 28 Oct 2025 | -38,391 | 74,509 |
| 21 Oct 2025 | -36,175 | 65,693 |
| 14 Oct 2025 | -19,516 | 62,468 |
Source: CFTC Commitments of Traders (Legacy, futures only) — a US government work, public domain. Positions are measured Tuesday and published the following Friday at about 15:30 ET, so this report is always at least three days behind the market. Positioning describes how traders are placed; it is not a forecast.