Kevin Warsh Reignites Risk Appetite: Gold Surges While Bitcoin Reclaims $60,000

Gold and Bitcoin rallied after Fed Chair Kevin Warsh said inflation risks had eased and struck a less hawkish tone than markets expected, reviving appetite for risk assets and precious metals. Bitcoin reclaimed $60,000, rising about 2.8% to near $60,088 and restoring its market value above $1.2 trillion, while Ethereum also gained roughly 3.3%. Gold rebounded sharply to an intraday high near $4,115 after recent multi-month lows, and silver joined the move higher. The article frames the move as a relief rally driven by cooling expectations for aggressive tightening, although Treasury yields still rose, with the 10-year near 4.46%, signaling the bond market remains wary of higher-for-longer rates. The rally may be tested by upcoming US jobs data and the next Fed meeting.