US CFTC Gold Net Long Positions Edge Lower as Bullish Sentiment Cools

Key Facts

As investors closely monitor safe-haven assets, the latest report from the Commodity Futures Trading Commission (CFTC) revealed a slight decline in optimism among large traders regarding the precious metal. United States CFTC gold non-commercial net positions dipped from 176K to 173.8K contracts. This weekly release reflects a minor reduction in speculative bullish sentiment, suggesting a period of caution among major market participants.

This marginal decrease comes at a time when global markets face mixed pressures, with gold stabilizing near record levels ahead of key US inflation data. In comparison to other metals, market data shows relative stability in silver, while industrial metals like copper were influenced by Chinese export data, which grew by 19.4% on June 9, 2026, according to China's trade balance figures. Analysts suggest that net long positions remaining above the 170K threshold still reflect general confidence in the metal's medium-term uptrend.

Regarding market performance, spot gold stood at $2,315.40 per ounce (close June 12, 2026). Traders are looking ahead to upcoming catalysts, including Eurozone inflation data and speeches from Federal Reserve officials, to determine the future path of interest rates. Technical support levels near $2,280 remain a key focus for observers should profit-taking by non-commercial funds continue in the near term.