Bridgewater Associates founder Ray Dalio warned that the US dollar faces sustained long-term weakness against gold and major currencies, with 2025 marking what Dalio believes to be a decisive shift in global capital flows. The dollar fell 39% against gold while declining 12% against the euro and 13% against the Swiss franc. “The biggest story and the biggest market moves of the year were the result of the weakest fiat currencies falling the most, while the strongest/hardest currencies strengthened the m ...