Key stats

Front-month price

$4,118.00

COT sentiment

84.1

Curve structure

Contango

Latest COT report

October 2, 2026

What moves Gold prices

Gold prices reflect both paper positioning in futures and physical delivery dynamics at the COMEX/NYMEX warehouses. This hub tracks weekly CFTC Commitments of Traders data alongside daily CME delivery intentions and warehouse stocks so you can spot when positioning and physical flows diverge.

Delivery intentions

Daily CME issues and stops show who is taking or making delivery — a direct read on near-term physical pressure.

Warehouse stocks

Registered and eligible warehouse inventories (where published) signal depository tightness for NYMEX platinum and palladium.

Positioning

CFTC managed-money longs and shorts show how speculators are leaning; compare against physical delivery flow for divergence.

Curve structure

Contango or backwardation in the futures curve reflects carry, storage, and near-term tightness.

Frequently asked questions

When is the CME delivery intentions report released?

CME publishes daily delivery notices (issues and stops) for COMEX/NYMEX metals around midday CT on business days.

What are warehouse stocks and why do they matter?

Warehouse stocks show registered and eligible metal in CME-approved depositories. NYMEX publishes warehouse data for platinum and palladium; COMEX gold and silver delivery intentions are published without a separate warehouse file.

When is the CFTC Commitments of Traders report released?

The CFTC publishes Commitments of Traders data every Friday afternoon, reflecting positions as of the prior Tuesday.

How do I spot positioning vs physical divergence?

Compare CFTC managed-money positioning direction with daily delivery flow and warehouse changes. Our warehouse-and-delivery reports include a short COT cross-check section to highlight tension between paper and physical markets.