MetalsVisionPrecious Metals News Sentiment & Macro Analysis

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CFTC COT Positioning (Weekly)

Money-manager long/short/net positions and open interest trend.

Backwardation / Contango Check

Open futures spread on TradingView

Expression: COMEX:GC1! - COMEX:GC2! (above 0 = backwardation, below 0 = contango)

Source: CFTC Commitments of Traders (Legacy Futures Only)

COMEX Registered / Eligible Inventory Trend

Daily COMEX warehouse inventory trend (Registered = deliverable, Eligible = non-deliverable inventory).

Unit: million troy ounces

▲ FND proxy marker (business day before month start).

Next FND Proxy: 2026-03-31

OI / Registered Multiple (All-Month OI)

Computed as Open Interest × contract size ÷ Registered inventory.

COMEX Delivery Notices (Monthly)

Delivery quantity = contracts × contract size (e.g., silver: 5,000 oz/contract).

Source: CME Group Delivery Reports (Warehouse Stocks)

IMF Gold Reserves Tracker

Monthly trend: latest 12 months / Annual trend: full available history.

Summary will be shown here.

In Top 10 / Custom mode, dashed segments indicate LOCF-imputed points.

Monthly (latest 12M)
Annual (full history)
Top Increases (12M)
  • Bank for International Settlements (BIS): +2.798 (million fine troy oz), latest 6.399
  • Poland, Republic of: +2.367 (million fine troy oz), latest 18.340
  • Türkiye, Republic of: +1.724 (million fine troy oz), latest 26.445
  • Kazakhstan, Republic of: +1.588 (million fine troy oz), latest 10.928
  • Brazil: +1.376 (million fine troy oz), latest 5.544
Top Decreases (12M)
  • Singapore: -0.690 (million fine troy oz), latest 6.226
  • Russian Federation: -0.100 (million fine troy oz), latest 74.800
  • Jordan: -0.046 (million fine troy oz), latest 2.277
  • Germany: -0.033 (million fine troy oz), latest 107.714
  • Mexico: -0.005 (million fine troy oz), latest 3.861

Source: IMF International Liquidity (IL), Gold reserves (volume), unit=Fine troy ounces, scale=Millions / Missing-value policy: LOCF (last observation carried forward) by country / Updated: 2026-03-20T11:11:40.998609Z

7-Day Sentiment Score Trend

Search Trends

Data source: Google Trends

Gold Weekly Report — Original Data-Driven Analysis

Weekly gold market deep-dive: COT positioning, volatility, macro, sentiment & Google Trends. Free PDF download.

LATEST ▸ 2026-W11 (Mar 9–13)
Gold Holds a High-Range Bias Despite Two Weekly Losses
Lower Real Rates and Uncrowded COT Point to a Bullish Correction
  • Weekly change −2.16% — two-week decline, but price held near 5,000 support
  • COT net long 98,399 contracts (+482) — 28th percentile (3-year), far from crowded
  • VIX 24.93 (96.5th pct); WTI $94.65 (100th pct over 3 years)
  • News sentiment weekly avg +0.04, cooling to −0.02 by week-end
  • Real rate proxy 1.78%, DXY 119.49 — medium-term support intact
If price holds above 5,000 and sentiment recovers, this pullback is likely short-lived within the broader uptrend.
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Archive
2026-W10 (Mar 2–8)
Gold Can Stay Bullish Even Through a Pullback
Weekly −2.76% ／ COT net long 97,917 ／ VIX 23.75 (94.8th percentile)
2026-W09 (Feb 23 – Mar 1)
Gold Near Record Highs, Yet Still Not Overheated — Quiet Bullishness Backed by a Weaker Dollar.
Weekly +2.74% ／ COT net long 95,893 ／ Sentiment −0.60 (cautious, no euphoria)
| By Importance |
Gold Rebounds -Is the Market Starting to Look Beyond the Noise?
Neutral →Direction → / Strength Low / Confidence Medium
Date 2026-06-19 Sources 1
InventoryTechnicalFinanceInvestment FlowsGeopolitics
Technical Breakout (Direction →, Strength +Low, Confidence -High) / breakoutTier-1 Media Adj. (Confidence +High) / BloombergDomain Adj. (No impact) / Source domain: goldbroker.com
Alamos expects lower Q2 output on Young-Davidson mine disruptions
Negative ↓Direction ↓ / Strength Low / Confidence High
Date 2026-06-18 Sources 1
CorporatePolicyTechnicalFinanceSupply & Demand
Price Crash (Direction ↓, Strength +Medium, Confidence +Medium) / gold production will fallDomain Adj. (Confidence +Medium) / Source domain: mining.com
Mining’s nuclear reality check: SMRs are still not on miners’ shopping lists
Positive ↑↑Direction ↑↑ / Strength Strong / Confidence High
Date 2026-06-18 Sources 1
InventoryEnergySuppliers & EquipmentNewsCorporate
Nuclear Demand (Direction ↑↑, Strength +Very Strong, Confidence +Medium) / nuclear licensing, long approvDomain Adj. (Confidence +Medium) / Source domain: mining.com
Falco lifts Quebec gold-zinc project value to $2.4B
Neutral →Direction → / Strength Low / Confidence Medium
Date 2026-06-18 Sources 1
ExplorationInventoryCorporatePolicyIndustrial Demand
M&A / Partnership (Direction →, Strength +Medium) / offtake agreementDomain Adj. (Confidence +Medium) / Source domain: mining.com
Endeavour Silver hints at mine-life extension in Mexico
Neutral →Direction → / Strength Very Low / Confidence Medium
Date 2026-06-18 Sources 1
ExplorationCorporateTechnicalSupply & DemandGeopolitics
Domain Adj. (Confidence +Medium) / Source domain: mining.com
Rio Tinto’s Oyu Tolgoi resumes exports after Mongolia blockade
Positive ↑Direction ↑ / Strength Strong / Confidence High
Date 2026-06-18 Sources 1
CorporatePolicyIndustrial DemandFinanceSupply & Demand
Mine Suspension (Direction ↑↑, Strength +Strong, Confidence +Medium) / mine blocked: protesters haltDiscovery / Expansion (Direction ↓, Strength +Medium, Confidence +Medium) / expand copper productionDomain Adj. (Confidence +Medium) / Source domain: mining.com
Ganfeng, Lithium Argentina seek a third investor for lithium project
Neutral →Direction → / Strength Very Low / Confidence High
Date 2026-06-18 Sources 1
InventoryCorporatePolicyIndustrial DemandFinance
Tier-1 Media Adj. (Confidence +High) / ReutersDomain Adj. (Confidence +Medium) / Source domain: mining.com
Zimbabwe licenses second gold refinery to handle rising output
Neutral →Direction → / Strength Very Low / Confidence Medium
Date 2026-06-17 Sources 1
Suppliers & EquipmentPolicyInvestment FlowsSupply & DemandFinance
Domain Adj. (Confidence +Medium) / Source domain: mining.com
Rio Tinto’s copper mine blocked: protesters halt Oyu Tolgoi exports
Positive ↑Direction ↑ / Strength Medium / Confidence High
Date 2026-06-17 Sources 1
MarketsInvestment FlowsSupply & DemandIndustrial DemandCritical Minerals
Mine Suspension (Direction ↑↑, Strength +Strong, Confidence +Medium) / mine blocked: protesters haltDomain Adj. (Confidence +Medium) / Source domain: mining.com
Papua New Guinea miner loses bid to revive Panguna copper project
Positive ↑↑Direction ↑↑ / Strength Strong / Confidence High
Date 2026-06-17 Sources 1
PolicyRegulatory IssuesGeopoliticsCorporateStatistics
Mine Suspension (Direction ↑↑, Strength +Strong, Confidence +Medium) / mining profits led to the mine’s closureSubsidy / Tax Credit (Direction ↑, Strength +Medium, Confidence +Medium) / mining lease has been grantDomain Adj. (Confidence +Medium) / Source domain: mining.com
Hudbay Minerals breaks ground at Copper Mountain mine expansion
Positive ↑Direction ↑ / Strength Medium / Confidence High
Date 2026-06-17 Sources 1
InventoryPolicySupply & DemandNewsTechnical
Critical Mineral Policy (Direction ↑, Strength +Strong, Confidence +Medium) / Critical MineralsDomain Adj. (Confidence +Medium) / Source domain: mining.com
Gold & Silver Take Breather Ahead of Secular Bull Blowoff Phase
Neutral →Direction → / Strength Very Low / Confidence Medium
Date 2026-06-16 Sources 1
Investment FlowsTechnical
Domain Adj. (No impact) / Source domain: goldbroker.com
Fortuna wins key approval for Senegal gold project
Neutral →Direction → / Strength Very Low / Confidence Medium
Date 2026-06-16 Sources 1
Investment FlowsIndustrial DemandFinanceCorporateNews
Domain Adj. (Confidence +Medium) / Source domain: mining.com
Glencore, Trafigura said set to invest in Merdeka’s HK listing
Neutral →Direction → / Strength Very Low / Confidence Medium
Date 2026-06-16 Sources 1
Investment FlowsFinanceCorporateTop CompaniesInventory
Rumor / Speculation Penalty (Confidence -Very High) / people familiarDomain Adj. (Confidence +Medium) / Source domain: mining.com
Switzerland loses its shine as central bank gold vault
Positive ↑↑Direction ↑↑ / Strength Strong / Confidence Medium
Date 2026-06-16 Sources 1
StatisticsInvestment FlowsSupply & DemandFinanceCorporate
Rate Cut / USD Weakness (Direction ↑↑, Strength +Strong) / dollar is in declinTariff / Trade Friction (Direction →, Strength +Medium) / tariffsDomain Adj. (Confidence +Medium) / Source domain: mining.com
Barclays sees gold pullback as ‘reset’, keeps bullish outlook
Positive ↑Direction ↑ / Strength Very Strong / Confidence High
Date 2026-06-16 Sources 1
StatisticsInvestment FlowsFinanceIran WarInventory
Safe-Haven Demand (Direction ↑↑, Strength +Strong) / safe-havenPrice Spike (Direction ↑, Strength +Medium, Confidence +Medium) / surgedPrice Crash (Direction ↓, Strength +Medium, Confidence +Medium) / price will dropDomain Adj. (Confidence +Medium) / Source domain: mining.com
Gold price holds gain as Trump touts reopening of Hormuz this week
Negative ↓Direction ↓ / Strength Strong / Confidence High
Date 2026-06-15 Sources 1
Investment FlowsIran WarGeopoliticsMarketsTechnical
Rate Hike / USD Strength (Direction ↓, Strength +Medium) / rate hikePrice Spike (Direction ↑, Strength +Medium, Confidence +Medium) / gold ticked upTier-1 Media Adj. (Confidence +High) / BloombergDomain Adj. (Confidence +Medium) / Source domain: mining.com
Venezuelan crime boss’s demise creates opening for mining boost
Negative ↓Direction ↓ / Strength Low / Confidence High
Date 2026-06-15 Sources 1
Investment FlowsGeopoliticsRegulatory IssuesPolicyFinance
Discovery / Expansion (Direction ↓, Strength +Medium, Confidence +Medium) / reopen its vast mineDomain Adj. (Confidence +Medium) / Source domain: mining.com
London gold market weighs earlier auction to suit Asian traders
Positive ↑↑Direction ↑↑ / Strength Strong / Confidence High
Date 2026-06-15 Sources 1
Investment FlowsGeopoliticsMarketsFinanceSupply & Demand
Safe-Haven Demand (Direction ↑↑, Strength +Strong) / safe havenPrice Spike (Direction ↑, Strength +Medium, Confidence +Medium) / price soarDomain Adj. (Confidence +Medium) / Source domain: mining.com
AbraSilver’s copper-gold results suggest district scale potential at La Coipita
Negative ↓Direction ↓ / Strength Medium / Confidence High
Date 2026-06-15 Sources 1
Investment FlowsExplorationGeopoliticsPolicyFinance
Discovery / Expansion (Direction ↓, Strength +Medium, Confidence +Medium) / new, shallower discoveryM&A / Partnership (Direction →, Strength +Medium) / joint ventureDomain Adj. (Confidence +Medium) / Source domain: mining.com