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Sentiment & Positioningweekly

Gold Net Speculative Positioning

COMEX Gold futures net speculative positioning.

ByConvex Research Desk·Edited byBen Bleier·

The Gold Net Speculative Positioning is currently 171,622, last updated .

171,622
1W +5.09%1M +4.64%3M +7.32%
Updated 46m ago
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Statistical forecast 2026
Model-based central estimate, 68% and 95% confidence bands for Gold Net Speculative Positioning, blended across current macro regimes.
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Positioning data reveals what the market is actually doing, as opposed to what it says it is doing. FINRA margin debt peaked ahead of every major bear market cycle of the last 40 years, while extreme readings in the AAII bull-bear spread are classic contrarian signals. CFTC commitments of traders separates speculative from commercial flow, identifying when large specs are overextended in either direction.

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Recent Data

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DateValueChange
May 12, 2026171,622+5.09%
May 5, 2026163,303+2.34%
Apr 28, 2026159,571-2.70%
Apr 21, 2026164,006+0.91%
Apr 14, 2026162,526+3.98%
Apr 7, 2026156,305-4.23%
Mar 31, 2026163,202-3.04%
Mar 24, 2026168,327+5.29%
Mar 17, 2026159,869-2.00%
Mar 10, 2026163,132+1.87%
Mar 3, 2026160,145+0.61%
Feb 24, 2026159,177-0.46%
Feb 17, 2026159,915-0.06%
Feb 10, 2026160,012-3.38%
Feb 3, 2026165,604-19.37%
Jan 27, 2026205,396-16.09%
Jan 20, 2026244,770-2.57%
Jan 13, 2026251,238+10.37%
Jan 6, 2026227,632-1.53%
Dec 30, 2025231,173-3.96%
Dec 23, 2025240,700+2.87%
Dec 16, 2025233,978+4.51%
Dec 9, 2025223,886+2.91%
Dec 2, 2025217,560

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Frequently Asked Questions

What is Gold Net Speculative Positioning?
COMEX Gold futures net speculative positioning.
How does Gold Net Speculative Positioning relate to sentiment & positioning?
Gold Net Speculative Positioning is part of the Sentiment & Positioning category. Positioning data reveals what the market is actually doing, as opposed to what it says it is doing. FINRA margin debt peaked ahead of every major bear market cycle of the last 40 years, while extreme readings in the AAII bull-bear spread are classic contrarian signals. CFTC commitments of traders separates speculative from commercial flow, identifying when large specs are overextended in either direction.
How often is Gold Net Speculative Positioning updated?
Gold Net Speculative Positioning is updated weekly, typically on the same day each week. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.
Where does Convex source Gold Net Speculative Positioning data?
Convex sources Gold Net Speculative Positioning data from the Commodity Futures Trading Commission (CFTC) Commitments of Traders reports. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.
What can I do on the Gold Net Speculative Positioning chart page?
The Gold Net Speculative Positioning page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.
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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated weekly. This page is for informational purposes only and does not constitute financial advice.