FX.co ★ Gold ignores rate hikes, yen falls, tech giants build up $300bn in obligations

🌍 Gold ignores rate hikes, the yen falls after a rate increase, tech giants build up $300bn in obligations — trader brief

🪙 Gold holds near elevated levels: on Monday, the metal fell just 0.3% to around $4,362 per ounce. Amid uncertainty surrounding the Strait of Hormuz, central banks and reserve managers continue to increase their gold purchases.

💴 The yen weakens after a rate hike: the Bank of Japan raised its policy rate to 1.25%, the highest level since 1995. However, the dollar gained around 1.3% to ¥158.05.

🏢 Tech giants build up $300bn in obligations: Alphabet, Amazon, Meta, Microsoft and Oracle issued around $300bn in financial guarantees over the past year.

🤖 AI agents gain access to personal data: Meta’s new Muse agent can work with email, banking apps and other digital services. Tests have also highlighted risks of autonomous actions, increasing attention on data security and user control.

🔎 Trade takeaway: watch gold and oil, USD/JPY and Bank of Japan policy, major tech stocks and the development of the AI sector.

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