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Speculative interest in gold futures dipped slightly in the latest reporting period, according to CFTC data updated on 20 February 2026. Net speculative positions in gold eased to 159.9K, down marginally from the previous level of 160.0K.
The near-unchanged reading suggests that bullish sentiment toward gold remains broadly intact, with traders largely holding their existing exposure rather than significantly increasing or cutting positions. This minor adjustment may reflect a wait-and-see stance among market participants as they assess the next catalysts for the precious metal, including shifts in monetary policy expectations and broader risk sentiment in financial markets.
