News

BlockBeats News, July 6 — After Federal Reserve Chairman Kevin Warsh stated that inflation risks are easing, the market is betting that the Fed will delay further rate hikes, and Bitcoin, gold, and silver prices have risen. Meanwhile, the US dollar remains stable, with traders expecting the dollar to stay firm ahead of the release of the Fed’s FOMC meeting minutes, awaiting further monetary policy signals. According to data from an exchange, as of press time, the spot price of Bitcoin is $63,640.1, up 0.93% in 24 hours; the spot price of Ethereum is $1,786.6, up 0.4% in 24 hours. According to data from Bitget, the spot price of gold is $4,172.2, up 1.21% in 24 hours.

AiCoin data shows that the Fear and Greed Index is currently at 24, marking a new high since June 1, 2026. Market volatility may be significant; please pay attention to risk control.

According to Golden Ten Data on July 6, CITIC Securities pointed out that since the US-Iran conflict, gold prices and gold stocks have experienced a significant overshoot to the downside. Currently, gold stocks have a very strong safety margin in terms of both PE ratio and resource valuation. It is expected that in the third quarter of 2026, the gold price will range between $4,000 and $4,500 per ounce. If the rate hike expectations are fully corrected, gold prices are likely to return to $4,500–$5,000 per ounce. The gold sector will benefit from a resonance recovery in both earnings expectations and valuation levels. Comprehensive allocation opportunities in the gold sector should be emphasized.