FX.co ★ Gold Bulls Ease Off: CFTC Net Long Positions in U.S. Futures Slip to 179.5K

Speculative interest in gold futures softened in the latest reporting period, with CFTC data showing net long positions in U.S. gold contracts declining to 179.5K, down from a previous level of 186.5K. The updated figures, released on 06 November 2026, indicate a modest pullback in bullish sentiment toward the metal.

The reduction in speculative net longs suggests that some traders may be locking in profits or growing more cautious on the near-term outlook for gold. While positions remain firmly in net-long territory, the step down from 186.5K to 179.5K points to a cooling of enthusiasm that could signal expectations of increased volatility or shifting views on interest rates, inflation, or the broader macroeconomic backdrop.