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Gold net positioning

Gold pays no cash flow, so its price is close to a pure function of real rates and positioning. A crowded net long is the nearest thing the metal has to a valuation signal.

Latest
225,853 contracts
As of
22 Sept 2026
Standard deviations
0.27
Percentile
58th percentile

30 days to 4 Oct 2026 · 225,853 contracts to 231,960 contracts

The archive behind this

This page shows the last 30 days. Gold net positioning has 178 readings in the warehouse, back to 2 May 2023. A plan opens the rest of it, with CSV export and the analyst.

See plans

Source

QuantNow Derived Research

Non-commercial long less non-commercial short positions in the CFTC Legacy Futures Only report for Gold Futures.

Informational research only. Nothing here is personalised investment advice.