Gold and bitcoin, the worst-performing major assets of 2026, rallied after the midterm elections as the dollar slipped. Gold futures rose more than 3% back above $4,000 an ounce, bitcoin gained nearly 4% to above $80,000, and silver rose about 5%. The article links the move to the 'debasement trade' and to the Treasury's reset of its borrowing guidance. Even so, gold futures were about 26% below their Jan. 29 record, bitcoin was 38% below its October 2025 peak, and the dollar index was still up nearly 4% this year. Wells Fargo Investment Institute expects a comparatively hawkish Federal Reserve, elevated Treasury yields and favorable U.S. growth to support modest dollar appreciation through 2027.
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Related tickers and likely impact
PAXG/USDT
▲ Likely positivePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.7B |
| Close on 11/03/2026 | 3,946.40 |
| Change that session | -0.16% |
XAUT/USDT
▲ Likely positiveTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.1B |
| Close on 11/03/2026 | 3,934.56 |
| Change that session | -0.11% |
XAU/USD
▲ Likely positiveRelevance: medium
| Market | Gold |
|---|---|
| Close on 11/03/2026 | 3,930.22 |
| Change that session | -0.42% |
BTC/USDT
▲ Likely positiveBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 11/03/2026 | 77,453.86 |
| Change that session | +0.83% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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