Bullion Market Update – July 25, 2025
Precious Metals Prices
Gold opened Monday morning at $3,406.40/oz, trading near this level in recent weeks. The precious metal showed mild consolidation in intra-day trading on Friday, July 25th, around $3,333.00/oz.
Silver climbed to recent highs last week trading above $39.00/oz. It opened Monday morning at $39.33/oz but has struggled to continue the breakout. As of intra-day on Friday, it is trading around $38.35.
The price per ounce of platinum also dropped mildly this week with a price on Monday of $1,495.70 and a price on Friday around $1,404.67.
After very recent performance, palladium showed a slight price reduction as it dropped from $1,302.40 on Monday to around $1,259.00 by Friday.
The gold to silver ratio is still sitting in the range of 86:1 – 88:1. This range is higher than historical norms but has come down in recent weeks.
Market Update
GENUIS Act
The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, signed into law by President Trump on July 18th, 2025, establishes a federal framework for stablecoin issuance, mandating 1:1 reserve backing with high-quality liquid assets, anti-money laundering compliance, and consumer protections. The GENIUS Act itself does not directly address 401(k) investments, but it coincides with an executive order expected soon to allow the trillion 401(k) market to invest in alternative assets like cryptocurrencies, gold, and private equity. This could drive significant capital into crypto and gold, potentially boosting Bitcoin (currently above $115,000) and gold prices (over $3,300/oz). The policy aims to democratize access to high-growth assets but some sight concerns about retiree exposure to speculative markets.
Equities Market
The U.S. equity market has shown resilient performance since the sharp plunge following Liberation Day in early April. As of July 24, 2025, the S&P 500 is up roughly 8.2% year-to-date. The current earnings season has been especially strong for companies linked to digital assets and AI, driving broader sentiment higher. Coinbase and Circle saw notable gains following passage of the GENIUS Act, as investors welcomed heightened crypto regulation. Meanwhile, despite lofty equity valuations, some high-profile firms underperformed. Tesla’s stock dropped over 8% after its Q2 2025 earnings call revealed declining revenue, weaker margins, and the potential phase-out of federal EV incentives. While management reiterated long-term goals around Optimus robot production and Robotaxi rollout, the lack of tangible delivery timelines failed to lift investor expectations. Tariff uncertainty remains a concern across the auto sector. General Motors reported $1.1 billion tariff-related earnings hit in Q2, which contributed to a 32–35% decline in profit and sent shares lower despite revenues exceeding estimates. While the earnings season underscores corporate strength, analysts caution that high valuations and external pressures could trigger a correction, urging investors to stay vigilant.
Tariff News
This past week has kept markets on edge. On July 22, 2025, Trump extended tariff negotiation deadlines for Japan and South Korea to August 1, sparking uncertainty that led to broader market dips. Reports indicate Trump sent letters to multiple trade partners, outlining new tariff levels, with Europe signaling potential retaliation if talks fail. Markets are bracing for continued uncertainty until trade agreements solidify.
