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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS CFTC Gold Speculative net positions fell to 228.1K in August 2026
FMPMonthlyReleased September 2026
US CFTC Gold Speculative net positions fell to 228.1K in August 2026, released September 2026, down 15.2K from July's 243.3K reading.
Latest Release
228.100000
Actual
—
Consensus
243.300000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.46 | CRYPTO | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.39 | INDEX | Moves against | → View |
| USD/CAD | ▼ Inverse | −0.27 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.27 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CFTC Gold Speculative net positions (United States) was reported at 228 thousand in September 2026. The reading fell from the previous value of 243 thousand. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 202 thousand, ranging from 154 thousand to 267 thousand across 38 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 231 thousand, up from the prior three at 199 thousand. Volatility over the past year (σ 35 thousand) is lower than the prior year (σ 113,146 thousand). In September readings over the past 3 years, CFTC Gold Speculative net positions has averaged 254 thousand.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with S&P 500, negatively correlated (Bearish S&P 500).
WHAT TO WATCH NEXT
The next release is scheduled for September 11, 2026. Same-country events in the next 14 days include Inflation Rate YoY (Sep 11) and CPI s.a (Sep 11).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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CFTC Gold Speculative net positions - US
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About CFTC Gold Speculative net positions — United States
DEFINITION
CFTC Gold Speculative net positions is a financial indicator that measures the difference between the number of long and short positions held by speculators in the gold market. It provides insight into the sentiment and expectations of market participants towards the price of gold, which can be used by investors and analysts to make informed trading decisions. This indicator is released weekly by the Commodity Futures Trading Commission (CFTC) and is considered a key tool for tracking market trends and potential price movements in the gold market.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2026): actual 228.1 K. Prior reading (Aug 2026): 243.3 K. Before that (Aug 2026): 222.2 K.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with BTC/USD (Bearish BTC, r=-0.46) — a useful reference for crypto-focused traders.
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Economic Calendar - US Events
| Thursday, September 10, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | PPI Ex Food, Energy and Trade YoY | 4.7 | 4.7 | 4.4 | 4.55 | Low |
| 12:30 | US | Producer Price Index | 157.411 | 156.784 | 157 | 157.21 | Low |
| 12:30 | US | Core PPI YoY | 4.6 | 4.3 | 4.6 | 4.60 | Low |
| 12:30 | US | Continuing Jobless Claims | 1774 | 1775 | 1780 | 1777.00 | Low |
| 12:30 | US | Initial Jobless Claims | 206 | 207 | 205 | 205.50 | Medium |
| 12:30 | US | Core PPI MoM | 0.2 | 0.3 | 0.3 | 0.25 | Medium |
| 12:30 | US | Producer Price Index MoM | 0.4 | 0.1 | 0.4 | 0.40 | High |
| 12:30 | US | Producer Price Index YoY | 5.4 | 4.8 | 5.3 | 5.35 | Low |
| 12:30 | US | PPI Ex Food, Energy and Trade MoM | 0.3 | 0.4 | 0.3 | 0.30 | Low |
| 12:30 | US | Jobless Claims 4-Week Average | 206 | 207.5 | 206 | 206.00 | Low |
| 13:20 | US | Atlanta Fed GDPNow | 4.4 | 4.7 | 4.7 | 4.55 | Medium |
| 14:00 | US | Existing Home Sales | 3.98 | 4.06 | 3.98 | 3.98 | High |
| 14:00 | US | Existing Home Sales MoM | -2 | -1.7 | -0.2 | -1.10 | Medium |
| 14:00 | US | Wholesale Inventories MoM | 1.3 | 0.4 | 1.3 | 1.30 | Low |
| 14:30 | US | EIA Natural Gas Stocks Change | 40 | 30 | 31 | 35.50 | Low |
| 15:30 | US | Atlanta Fed GDPNow | 4.4 | 4.7 | 4.7 | 4.55 | Medium |
| 16:00 | US | EIA Distillate Stocks Change | 2.087 | 0.796 | -0.7 | 0.69 | Low |
| 16:00 | US | EIA Crude Oil Stocks Change | -0.391 | -4.45 | -1.6 | -1.00 | Medium |
| 16:00 | US | EIA Gasoline Stocks Change | 1.269 | -1.173 | -1.4 | -0.07 | Medium |
| Friday, September 11, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | CPI s.a | 332.81 | 334.14 | 334.14 | Medium | |
| 12:30 | US | Inflation Rate YoY | 3.4 | 3.4 | 3.40 | High | |
| 12:30 | US | Core Inflation Rate MoM | 0.2 | 0.2 | 0.20 | High | |
| 12:30 | US | Core Inflation Rate YoY | 2.5 | 2.4 | 2.40 | High | |
| 12:30 | US | Inflation Rate MoM | 0.1 | 0.4 | 0.40 | High | |
| 12:30 | US | CPI | 333.92 | 334.85 | 334.85 | Medium | |
| 14:00 | US | Michigan Current Conditions | 51.9 | 51.3 | 52.40 | Low | |
| 14:00 | US | Michigan Consumer Expectations | 51.5 | 50.5 | 53.00 | Low | |
| 14:00 | US | Michigan 5 Year Inflation Expectations | 3.3 | 3.2 | 3.00 | Low | |
| 14:00 | US | Michigan Consumer Sentiment | 51.7 | 51 | 52.45 | High | |
| 14:00 | US | Michigan Inflation Expectations | 4 | 3.9 | 3.80 | Low | |
| 18:00 | US | Monthly Budget Statement | -432 | -480 | -480.00 | Medium | |
| 18:00 | US | Budget Balance | -432 | -404 | -404.00 | Medium | |
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 15:30 | US | 3-Month Bill Auction | 3.8 | 3.8999 | 3.90 | Low | |