Economic Trends

"Gold is the only asset that somebody can hold and you don't have to depend on somebody else to pay your money for," Dalio said.

The Goldman Sachs CEO said AI presented opportunities but that some investors were overlooking "things you should be skeptical about."

All wealth groups saw gains over the past year, according to recent Fed data. But the growth has been fastest for those at the very top.

Roughly 42% of younger working adults — spanning Gen Z, millennials and Gen X — report having no money left over after covering their daily expenses.

Shutdowns have typically weighed on the greenback, and recent options market positioning shows traders are preparing for more weakness this time around. “You’re already seeing the weakness in the dollar,” George Goncalves, head of US macro strategy at MUFG, told Bloomberg Television on Wednesday. If the shutdown “were to linger, it could be disruptive.”