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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS CFTC Gold Speculative net positions fell to 173.8K in May 2026
FMPMonthlyReleased June 2026
US CFTC Gold Speculative net positions fell to 173.8K in May 2026, released June 2026, down 2.2K from April's 176K reading.
Latest Release
173.800000
Actual
—
Consensus
176.000000
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 | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.43 | INDEX | Bearish S&P 500 | → View |
| BTC/USD | ▼ Inverse | −0.39 | CRYPTO | Bearish BTC | → 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 174 thousand in June 2026. The reading fell from the previous value of 176 thousand. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 206 thousand, ranging from 154 thousand to 267 thousand across 42 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 168 thousand, up from the prior three at 167 thousand. Volatility over the past year (σ 34 thousand) is lower than the prior year (σ 125,298 thousand). In June readings over the past 3 years, CFTC Gold Speculative net positions has averaged 187 thousand.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC).
WHAT TO WATCH NEXT
The next release is scheduled for June 19, 2026. Same-country events in the next 14 days include NY Empire State Manufacturing Index (Jun 15) and Industrial Production MoM (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update June 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 (Jun 2026): actual 173.8 K. Prior reading (Jun 2026): 176 K. Before that (May 2026): 154.3 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 bullish 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 S&P 500 (Bearish S&P 500, r=-0.43) — a useful reference for index-focused traders.