US CFTC data shows gold non-commercial net positions fell to 163.2k, down from 168.3k in the previous report.<\/p>\n
The decrease in net long positions for gold indicates large traders are reducing their bullish bets after a significant run. This is likely a sign of profit-taking rather than a major shift to a bearish outlook. We have seen this kind of pullback before when an asset’s price consolidates after hitting new highs, as gold did earlier this year.<\/p>\n
This cooling sentiment aligns with recent economic data, as the latest March 2026 inflation report showed a slight easing to a 2.8% annual rate. This reduces the immediate urgency to hold gold as an inflation hedge. The Federal Reserve has also signaled a pause on rate hikes, making fixed-income assets more competitive against non-yielding gold.<\/p>\n
Looking back from our perspective in 2025, we recall how geopolitical tensions and recession scares drove the initial surge in these long positions. The strong March 2026 jobs report, showing a resilient economy with over 250,000 jobs added, has now eased those fears. This unwinding of speculative longs is a natural response to a less risky economic environment.<\/p>\n
For the coming weeks, this suggests a more neutral to slightly bearish stance on gold may be appropriate. Traders could consider strategies like selling call options above recent highs to collect premium from expected range-bound trading. We should keep an eye on key support around the $2,350 level, as a decisive break below it could signal a deeper correction.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" CFTC data shows gold non-commercial net positions slipped to 163.2k, down from 168.3k previously.<\/p>\n","protected":false},"author":103,"featured_media":16980,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-46498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/46498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=46498"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/46498\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/16980"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=46498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=46498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=46498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}