CFTC reports increase in gold NC net positions from $204.6K to $2,239K

    by VT Markets
    /
    Dec 20, 2025
    The United States Commodity Futures Trading Commission (CFTC) has noticed an increase in gold net positions. The net positions went up from $204.6K to $223.9K.

    Big Move Into Gold

    We’re witnessing a huge and historic move into gold. Net long positions held by speculators skyrocketed from 204.6K to 2,239K. This kind of increase shows a strong flight to safety and a very optimistic outlook in the market. Such a significant shift isn’t just noise; it signals a real change in market fear. This rise matches the growing uncertainty we’ve seen in the last part of 2025. Recent inflation numbers of 3.8% have dimmed hopes for an early Fed rate cut in 2026, causing the U.S. dollar to weaken against the euro. Economic worries have been heightened by the breakdown of trade talks between the U.S. and China, raising fears of a renewed trade war. Looking back, this shift is even more significant than during the banking concerns in 2023 or the start of the pandemic in 2020. In those times, gold prices surged as investors sought a safe place for their money. Current data suggests the market is preparing for an event that could be just as significant or even more so, pushing gold prices toward their all-time highs.

    Trading Strategies for the Next Few Weeks

    In the next few weeks, having a strong bullish outlook on gold makes sense. With implied volatility rising over 25% in the last two weeks, buying long-dated call options is a good way to gain upside exposure while managing risk. We should also be cautious of overextension, as this crowded trade might be susceptible to sharp, though likely temporary, pullbacks. Create your live VT Markets account and start trading now.

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