IGA Capital Weekly Markets Update
- Joshua Hawley
- Jul 22, 2025
- 2 min read
Week of July 21, 2025
Market Overview
Global markets continue to price in a more accommodative monetary environment heading into Q4 2025. U.S. interest rate futures reflect expectations of a decline in the Federal Funds Rate to 3.83% by year-end. The 10-Year U.S. Treasury yield rose to 4.47%, signaling resilient demand for long-term debt amid stable inflation readings and improving risk sentiment1.
The S&P 500 closed at 6,318.80, up 0.9% week-over-week, while the Nasdaq Composite increased by 1.4%, supported by earnings momentum in AI, tech hardware, and energy transition-linked sectors. Short-term funding costs remained elevated, with the 30-day SOFR fixing at 4.34% and the Overnight SOFR holding at 5.33%1.
Metals Market Focus
The gold market closed the week at $3,390.31/oz, up 0.7% week-over-week, maintaining its long-term bullish trajectory with a 71.7% year-over-year increase. Continued accumulation by sovereign reserves and institutional hedging against U.S. fiscal imbalances are contributing to sustained upward pressure1.
Copper and platinum also saw modest gains, driven by constrained inventories and renewed demand linked to energy infrastructure and manufacturing recovery. Industrial metals pricing reflects underlying supply concerns and energy transition-driven capital flows.
IGA Capital remains focused on structured funding solutions in the metals sector. Through its position as a registered vendor with the U.S. Export-Import Bank (EXIM), IGA Capital supports the financing of critical minerals projects across Africa and select frontier markets under EXIM’s Critical Minerals Program. These initiatives are tied to U.S. industrial policy aimed at reshoring supply chains and ensuring strategic resource access.
Digital Assets Update
On July 21, Bitcoin (BTC) continues to trade at historic levels following its recent all-time high. As of this report, BTC is priced at approximately $119,400 USD2, maintaining a strong performance on the back of ETF inflows and institutional adoption. Market stability has been aided by clear legislative signals during recent U.S. hearings focused on digital asset frameworks.
Institutional platforms report strong long interest in BTC, and investor demand remains elevated across multi-asset portfolios, especially as digital assets gain regulatory clarity and infrastructure integration with traditional finance systems.
IGA Capital Perspective
As global capital rotates into real assets, hard currencies, and structured asset-backed lending, IGA Capital continues to position itself at the center of project finance and trade-linked funding. Our structured solutions are particularly relevant in:
Metals and mineral extraction and processing,
Export-oriented infrastructure tied to U.S. supply chains,
Cross-border structured finance aligned with U.S. EXIM eligibility criteria.
IGA Capital supports mining clients by enabling funding structures that combine streaming, leasing, and export credit solutions—especially in gold and critical mineral segments.
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