Gold Bulls Extend Lead as CFTC Net Long Positions Climb in Early July

Speculative investors have increased their bullish bets on gold, with CFTC gold speculative net positions rising to 194.0K contracts, up from a previous level of 181.3K. The latest data, updated on 06 July 2026, points to growing optimism toward the precious metal among futures traders.

The increase in net long positions suggests that more market participants are positioning for further gains in gold prices or seeking protection against broader market uncertainty. While the data does not reveal the underlying drivers, the shift in positioning underscores gold’s continued appeal as a key asset in investor portfolios during this period.