FX.co ★ Gold Bulls Trim Exposure as CFTC Net Long Positions Dip to 160K

Speculative interest in gold eased slightly in the latest reporting period, with CFTC data showing net long positions in U.S. gold futures slipping to 160.0K contracts, down from 165.6K previously. The updated figures, released on 13 February 2026, point to a modest reduction in bullish bets on the precious metal.

The decline in speculative net longs suggests that some traders are taking profits or hedging against potential price pullbacks after earlier gains. While positioning remains firmly in positive territory, the move lower may indicate a more cautious stance among market participants as they reassess the outlook for gold amid shifting macroeconomic and financial conditions in the United States.

Market observers will be watching subsequent CFTC reports closely to see whether this adjustment marks the start of a broader repositioning in gold or merely a short-term pause in speculative enthusiasm.