Surprising movement in the two investment instruments that caused the most losses of the year

Gold and Bitcoin, the two worst-performing major assets of 2026, rallied after the U.S. midterm elections, with gold topping $4,000 and Bitcoin surpassing $80,000 while silver gained nearly 5%. The rebound follows steep losses earlier in the year that analysts say remain largely intact despite the post-election bounce. The move matters because it signals a possible shift in investor positioning after a bruising stretch for both precious metals and crypto. What to watch next is whether the gains hold or prove a short-lived relief rally, with analysts cautioning that the year-to-date drawdowns are still substantial.