Gold
Gold
Week of June 23, 2026
MIXED
Smart money is net long and buying more.
2Y percentile: 30th — Below average
Weekly change: +1,674 contracts
Weekly Changes
Producer/Merchant+7.7K
Managed Money+1.7K
Swap Dealer-5.6K
Other Reportable-555
Positioning Percentile (2Y)
Producer/Merchant
100thExtremely high (historically rare)
050100
Managed Money
30thBelow average
050100
Swap Dealer
60thAbove average
050100
Other Reportable
15thWell below average
050100
Full Stats Table
| Trader Type | Net Position | Weekly Change | 2Y Percentile | 5Y Percentile |
|---|---|---|---|---|
| Producer/Merchant | -9.3K | +7.7K | 100th | 100th |
| Managed Money | +115.4K | +1.7K | 30th | 64th |
| Swap Dealer | -196.1K | -5.6K | 60th | 32nd |
| Other Reportable | +65.9K | -555 | 15th | 8th |
About Gold Positioning
The ultimate store of value trade. Gold positioning reflects inflation expectations, real rate views, and central bank credibility. When managed money goes max long, the inflation/debasement trade is crowded. Producer hedging patterns reveal what the people who actually mine it think about future prices.