News

BlockBeats News, June 24th, according to Bitget market data, as the U.S. stock market opened, the Dow rose 0.04%, the S&P 500 rose 0.43%, and the Nasdaq rose 0.58%. Broadcom (AVGO) rose 1.6% as the company announced a partnership with OpenAI to release an AI chip designed to run models faster and more cost-effectively; Micron Technology (MU) rose 1.8% as the company is set to announce its third-quarter earnings, while SpaceX (SPCX) fell 0.6%.

On June 24, Newmont Corporation (NEM.US) saw its stock price decrease by 4.4%, Sibanye Stillwater fell by 6.1%, Angola Gold dropped by 7%, SPDR Gold ETF declined by 3%, Kinross Gold fell by 6.5%, and Harmony Gold decreased by 6%, while Gold Fields fell by 3.9%. In the news, international gold prices remain under pressure, with spot gold's decline expanding to 2.8%, falling below the $4000 per ounce mark for the first time since November 2025. This represents a drop of approximately $1600 (nearly 30%) from this year's historical high of $5596 per ounce, indicating a significant technical adjustment. Factors contributing to this trend include a strengthening U.S. dollar, rising expectations for Federal Reserve interest rate hikes, and increasing U.S. Treasury yields, all of which continue to suppress precious metals performance.

BlockBeats News, June 24th, according to Bitget data, WTI crude oil fell by 4.00% intraday, now trading at $70.66 per barrel; Brent crude oil fell by 4.00% intraday, now trading at $73.66 per barrel.