The CFTC Commitment of Traders (COTs) report is released once a week and shows a breakdown of open interest by trader category. The CFTC breaks down open interest by:
- Managed Money (e.g. Hedge Funds)
- Producers (e.g. gold mining companies)
- Swaps (e.g. banks)
- Non-Reportable
- Other
Australian mines are running out of gold, according to a report by S&P Global Market Intelligence.
Analysts say Australia sits poised above a “production cliff.” The country could slip from the world’s second-largest gold producer to fourth by 2024.
The Australian gold mining industry faces the same problem as South Africa’s – aging mines.