No way. 60 fps is way more than "capable" — that would be good or even great gaming performance (assuming you're not talking about minimum details with upscaling and frame generation). Capable means it can run it acceptably, and anything above 30 fps is generally sufficient for entry-level gaming, with performance above 40 fps typically ensuring that there won't be massive stutters dropping things well below 30 fps.
The 8700G is a competent integrated GPU. It's not fast and won't come close to budget graphics cards (RTX 3050 or above), but that's not really the point. It can at least provide a reasonable gaming experience while not requiring any additional hardware. Unless you want to count faster RAM I suppose.