Gold
Gold
Week of September 29, 2026
MIXED
Smart money is net long and reducing.
2Y percentile: 34th, Below average
Weekly change: -7,071 contracts
Weekly Changes
Producer/Merchant+5.5K
Managed Money-7.1K
Swap Dealer+6.4K
Other Reportable-150
Positioning Percentile (2Y)
Producer/Merchant
79thWell above average
050100
Managed Money
34thBelow average
050100
Swap Dealer
23rdWell below average
050100
Other Reportable
83rdWell above average
050100
Full Stats Table
| Trader Type | Net Position | Weekly Change | 2Y Percentile | 5Y Percentile |
|---|---|---|---|---|
| Producer/Merchant | -21.3K | +5.5K | 79th | 88th |
| Managed Money | +120.3K | -7.1K | 34th | 60th |
| Swap Dealer | -229.7K | +6.4K | 23rd | 14th |
| Other Reportable | +98.3K | -150 | 83rd | 68th |
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.