{ "id": 57892, "date": "2025-12-26T10:05:47", "date_gmt": "2025-12-26T03:05:47", "guid": { "rendered": "https:\/\/hbbgroup.net\/gia-vang-the-gioi-co-nam-tang-manh-nhat-tu-1979\/" }, "modified": "2025-12-26T10:05:47", "modified_gmt": "2025-12-26T03:05:47", "slug": "gia-vang-the-gioi-co-nam-tang-manh-nhat-tu-1979", "status": "publish", "type": "post", "link": "https:\/\/hbbgroup.net\/en_us\/gia-vang-the-gioi-co-nam-tang-manh-nhat-tu-1979\/", "title": { "rendered": "Gi\u00e1 v\u00e0ng th\u1ebf gi\u1edbi c\u00f3 n\u0103m t\u0103ng m\u1ea1nh nh\u1ea5t t\u1eeb 1979" }, "content": { "rendered": "

N\u0103m nay, gia\u0301 va\u0300ng th\u00ea\u0301 gi\u01a1\u0301i \u0111a\u0303 t\u0103ng 70%, v\u01b0\u1ee3t xa ch\u1ec9 s\u1ed1 S&P 500 cu\u0309a thi\u0323 tr\u01b0\u01a1\u0300ng ch\u01b0\u0301ng khoa\u0301n My\u0303 (18%), do xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb v\u00e0 ch\u00ednh s\u00e1ch thu\u1ebf M\u1ef9.<\/p>\n

Gi\u00e1 v\u00e0ng th\u1ebf gi\u1edbi giao ngay c\u00f3 th\u1eddi \u0111i\u1ec3m ch\u1ea1m k\u1ef7 l\u1ee5c m\u1edbi t\u1ea1i 4.525 USD m\u1ed9t ounce trong phi\u00ean 24\/12. \u0110\u00e2y l\u00e0 n\u0103m kim lo\u1ea1i qu\u00fd ghi nh\u1eadn m\u1ee9c t\u0103ng cao nh\u1ea5t k\u1ec3 t\u1eeb n\u0103m 1979. Khi \u0111\u00f3, Trung \u0110\u00f4ng r\u01a1i v\u00e0o kh\u1ee7ng ho\u1ea3ng d\u1ea7u m\u1ecf v\u00e0 l\u1ea1m ph\u00e1t nhi\u1ec1u n\u01a1i t\u0103ng v\u1ecdt.<\/p>\n

C\u00f3 nhi\u1ec1u nguy\u00ean nh\u00e2n khi\u1ebfn v\u00e0ng n\u0103m nay t\u0103ng m\u1ea1nh. Ch\u00ednh s\u00e1ch thu\u1ebf nh\u1eadp kh\u1ea9u c\u1ee7a M\u1ef9 \u0111\u00e3 thay \u0111\u1ed5i d\u00f2ng ch\u1ea3y th\u01b0\u01a1ng m\u1ea1i to\u00e0n c\u1ea7u. Xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb leo thang \u1edf nhi\u1ec1u n\u01a1i, n\u1ed5i b\u1eadt l\u00e0 chi\u1ebfn s\u1ef1 Nga – Ukraine v\u00e0 c\u0103ng th\u1eb3ng Israel – Iran. M\u1ef9 g\u1ea7n \u0111\u00e2y c\u0169ng \u0111ang truy b\u1eaft c\u00e1c t\u00e0u ch\u1edf d\u1ea7u ngo\u00e0i kh\u01a1i Venezuela.<\/p>\n

Trong nh\u1eefng giai \u0111o\u1ea1n b\u1ea5t \u1ed5n, nh\u00e0 \u0111\u1ea7u t\u01b0 th\u01b0\u1eddng t\u00ecm \u0111\u1ebfn v\u00e0ng – k\u00eanh \u0111\u1ea7u t\u01b0 c\u00f3 kh\u1ea3 n\u0103ng ch\u1ed1ng ch\u1ecbu t\u1ed1t. Kim lo\u1ea1i qu\u00fd n\u00e0y \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng gi\u1eef gi\u00e1 tr\u1ecb trong giai \u0111o\u1ea1n kh\u1ee7ng ho\u1ea3ng, l\u1ea1m ph\u00e1t t\u0103ng m\u1ea1nh ho\u1eb7c ti\u1ec1n t\u1ec7 m\u1ea5t gi\u00e1.<\/p>\n

“B\u1ea5t \u1ed5n v\u1eabn l\u00e0 \u0111i\u1ec3m n\u1ed5i b\u1eadt c\u1ee7a kinh t\u1ebf to\u00e0n c\u1ea7u. Trong b\u1ed1i c\u1ea3nh \u0111\u00f3, v\u00e0ng ng\u00e0y c\u00e0ng h\u1ea5p d\u1eabn v\u1edbi vai tr\u00f2 \u0111a d\u1ea1ng h\u00f3a chi\u1ebfn l\u01b0\u1ee3c v\u00e0 \u0111em l\u1ea1i s\u1ef1 \u1ed5n \u0111\u1ecbnh”, Joe Cavatoni – chi\u1ebfn l\u01b0\u1ee3c gia th\u1ecb tr\u01b0\u1eddng c\u1ea5p cao t\u1ea1i H\u1ed9i \u0111\u1ed3ng V\u00e0ng Th\u1ebf gi\u1edbi (WGC) cho bi\u1ebft.<\/p>\n

<\/p>\n
\"Gi\u00e1 <\/picture><\/div>
\n

Gi\u00e1 v\u00e0ng th\u1ebf gi\u1edbi \u0111\u00e3 t\u0103ng kho\u1ea3ng 70% n\u0103m nay. \u0110\u1ed3 th\u1ecb: Goldprice<\/em><\/p>\n<\/figcaption><\/figure>\n

V\u1edbi m\u1ed9t s\u1ed1 nh\u00e0 \u0111\u1ea7u t\u01b0, \u0111i\u1ec3m y\u1ebfu c\u1ee7a v\u00e0ng l\u00e0 kh\u00f4ng tr\u1ea3 l\u00e3i nh\u01b0 tr\u00e1i phi\u1ebfu. Tuy nhi\u00ean, khi C\u1ee5c D\u1ef1 tr\u1eef li\u00ean bang M\u1ef9 (Fed) gi\u1ea3m l\u00e3i su\u1ea5t v\u00e0i th\u00e1ng qua, l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu th\u01b0\u1eddng xu\u1ed1ng theo, khi\u1ebfn kim lo\u1ea1i qu\u00fd h\u1ea5p d\u1eabn h\u01a1n.<\/p>\n

C\u00e1c h\u00e3ng trang s\u1ee9c v\u00e0 nh\u1eefng ng\u01b0\u1eddi s\u1edf h\u1eefu n\u1eef trang \u0111ang h\u01b0\u1edfng l\u1ee3i t\u1eeb gi\u00e1 cao. C\u01a1n s\u1ed1t lan r\u1ed9ng t\u1eeb hi\u1ec7n t\u01b0\u1ee3ng ng\u01b0\u1eddi d\u00e2n M\u1ef9 x\u1ebfp h\u00e0ng mua v\u00e0ng th\u1ecfi t\u1ea1i si\u00eau th\u1ecb, \u0111\u1ebfn c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng gom mua h\u00e0ng ngh\u00ecn t\u1ea5n. <\/p>\n

Vi\u1ec7c c\u00e1c nh\u00e0 b\u0103ng t\u0103ng mua v\u00e0ng \u0111\u00e3 c\u1ee7ng c\u1ed1 th\u00eam \u0111\u00e0 t\u0103ng c\u1ee7a kim lo\u1ea1i qu\u00fd n\u0103m nay, d\u1eabn \u0111\u1ea7u l\u00e0 Trung Qu\u1ed1c. Ulf Lindahl – Gi\u00e1m \u0111\u1ed1c Currency Research Associates cho r\u1eb1ng m\u1ed9t trong nh\u1eefng l\u00fd do ch\u00ednh khi\u1ebfn Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Trung Qu\u1ed1c (POB) t\u0103ng d\u1ef1 tr\u1eef v\u00e0ng l\u00e0 gi\u1ea3m ph\u1ee5 thu\u1ed9c v\u00e0o c\u00e1c t\u00e0i s\u1ea3n M\u1ef9, nh\u01b0 tr\u00e1i phi\u1ebfu kho b\u1ea1c v\u00e0 USD.<\/p>\n

Xu h\u01b0\u1edbng n\u00e0y c\u00e0ng r\u00f5 r\u1ec7t sau khi xung \u0111\u1ed9t Nga – Ukraine n\u1ed5 ra n\u0103m 2022. C\u00e1c ch\u00ednh ph\u1ee7 ph\u01b0\u01a1ng T\u00e2y \u0111\u00f3ng b\u0103ng t\u00e0i s\u1ea3n c\u1ee7a Nga \u0111\u01b0\u1ee3c \u0111\u1ecbnh gi\u00e1 b\u1eb1ng USD, khi\u1ebfn c\u00e1c n\u01b0\u1edbc nh\u01b0 Nga hay Trung Qu\u1ed1c c\u00e0ng \u0111\u1ea9y nhanh vi\u1ec7c gi\u1ea3m ph\u1ee5 thu\u1ed9c v\u00e0o c\u00e1c ch\u00ednh s\u00e1ch c\u1ee7a M\u1ef9, Lindahl cho bi\u1ebft.<\/p>\n

“L\u00e0n s\u00f3ng mua v\u00e0ng hi\u1ec7n nay c\u1ee7a c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng kh\u00e1c \u1edf ch\u1ed7 n\u00f3 b\u1eaft ngu\u1ed3n t\u1eeb \u0111\u1ecba ch\u00ednh tr\u1ecb”, Ole Hansen, tr\u01b0\u1edfng b\u1ed9 ph\u1eadn chi\u1ebfn l\u01b0\u1ee3c h\u00e0ng h\u00f3a t\u1ea1i Saxo Bank, nh\u1eadn \u0111\u1ecbnh trong m\u1ed9t b\u00e1o c\u00e1o. Vi\u1ec7c Nga b\u1ecb \u0111\u00f3ng b\u0103ng d\u1ef1 tr\u1eef qu\u1ed1c gia v\u00e0 s\u1ef1 ph\u00e2n m\u1ea3nh ng\u00e0y c\u00e0ng l\u1edbn c\u1ee7a h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u \u0111\u1ea9y cao nhu c\u1ea7u v\u00e0ng. Vi\u1ec7c n\u00e0y c\u00f3 kh\u1ea3 n\u0103ng k\u00e9o d\u00e0i trong nhi\u1ec1u n\u0103m.<\/p>\n

Theo WGC, c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng tr\u00ean to\u00e0n c\u1ea7u \u0111\u00e3 mua h\u01a1n 1.000 t\u1ea5n v\u00e0ng m\u1ed7i n\u0103m trong 3 n\u0103m qua. Con s\u1ed1 n\u00e0y cao h\u01a1n nhi\u1ec1u so v\u1edbi m\u1ee9c trung b\u00ecnh 400-500 t\u1ea5n m\u1ed7i n\u0103m trong th\u1eadp k\u1ef7 tr\u01b0\u1edbc \u0111\u00f3.<\/p>\n

Sau khi gi\u00e1 v\u00e0ng v\u01b0\u1ee3t m\u1ed1c 4.500 USD<\/a> m\u1ed9t ounce \u0111\u1ea7u tu\u1ea7n n\u00e0y, c\u00e1c nh\u00e0 ph\u00e2n t\u00edch t\u1ea1i JPMorgan Chase d\u1ef1 b\u00e1o gi\u00e1 l\u00ean h\u01a1n 5.000 USD n\u0103m t\u1edbi. M\u1ee9c t\u0103ng 70% c\u1ee7a kim lo\u1ea1i qu\u00fd n\u0103m nay c\u0169ng v\u01b0\u1ee3t xa ch\u1ec9 s\u1ed1 S&P 500 c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n M\u1ef9 (18%). N\u0103m ngo\u00e1i, hai k\u00eanh \u0111\u1ea7u t\u01b0 n\u00e0y cho l\u1ee3i nhu\u1eadn t\u01b0\u01a1ng \u0111\u01b0\u01a1ng.<\/p>\n

N\u0103m t\u1edbi, k\u1ef3 v\u1ecdng Fed ti\u1ebfp t\u1ee5c gi\u1ea3m l\u00e3i su\u1ea5t s\u1ebd ti\u1ebfp t\u1ee5c h\u1ed7 tr\u1ee3 \u0111\u00e0 t\u0103ng c\u1ee7a v\u00e0ng. \u0110\u1ed3ng USD suy y\u1ebfu c\u0169ng g\u00f3p ph\u1ea7n \u0111\u1ea9y gi\u00e1 l\u00ean cao, do v\u00e0ng r\u1ebb h\u01a1n v\u1edbi ng\u01b0\u1eddi mua ngo\u00e0i M\u1ef9.<\/p>\n

D\u00f9 v\u1eady, c\u00e1c c\u1ed1 v\u1ea5n t\u00e0i ch\u00ednh khuy\u00ean kh\u00e1ch h\u00e0ng n\u1eafm gi\u1eef ch\u1ee7 y\u1ebfu c\u1ed5 phi\u1ebfu v\u00e0 tr\u00e1i phi\u1ebfu trong danh m\u1ee5c \u0111\u1ea7u t\u01b0. C\u00e1c t\u00e0i s\u1ea3n nh\u01b0 v\u00e0ng v\u00e0 h\u00e0ng h\u00f3a kh\u00e1c ch\u1ec9 n\u00ean chi\u1ebfm t\u1ef7 tr\u1ecdng v\u1eeba ph\u1ea3i trong danh m\u1ee5c, do ch\u00fang kh\u00f4ng t\u1ea1o ra thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh.<\/p>\n

T\u1ef7 ph\u00fa \u0111\u1ea7u t\u01b0 Ray Dalio – nh\u00e0 s\u00e1ng l\u1eadp qu\u1ef9 Bridgewater Associates th\u00ec cho r\u1eb1ng nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u1ec9 n\u00ean d\u00e0nh t\u1ed1i \u0111a 15% danh m\u1ee5c cho v\u00e0ng. “V\u00e0ng l\u00e0 c\u00f4ng c\u1ee5 \u0111a d\u1ea1ng h\u00f3a cho danh m\u1ee5c, nh\u01b0ng k\u00eanh n\u00e0y ch\u1ec9 di\u1ec5n bi\u1ebfn t\u1ed1t khi c\u00e1c t\u00e0i s\u1ea3n kh\u00e1c \u0111i xu\u1ed1ng”, \u00f4ng cho bi\u1ebft t\u1ea1i m\u1ed9t di\u1ec5n \u0111\u00e0n kinh t\u1ebf \u1edf Connecticut h\u1ed3i th\u00e1ng 10.<\/p>\n

Ngo\u00e0i k\u1ecbch b\u1ea3n t\u00edch c\u1ef1c, WGC c\u0169ng \u0111\u01b0a ra c\u00e1c kh\u1ea3 n\u0103ng khi\u1ebfn gi\u00e1 v\u00e0ng gi\u1ea3m 5-20% n\u0103m t\u1edbi. V\u00ed d\u1ee5, b\u01b0\u1edbc ngo\u1eb7t s\u1ebd di\u1ec5n ra n\u1ebfu c\u00e1c ch\u00ednh s\u00e1ch kinh t\u1ebf c\u1ee7a T\u1ed5ng th\u1ed1ng Donald Trump th\u00e0nh c\u00f4ng, gi\u00fap t\u0103ng tr\u01b0\u1edfng c\u1ee7a M\u1ef9 m\u1ea1nh h\u01a1n d\u1ef1 b\u00e1o. Khi l\u1ea1m ph\u00e1t t\u0103ng t\u1ed1c v\u00e0 Fed gi\u1eef nguy\u00ean ho\u1eb7c t\u0103ng l\u00e3i su\u1ea5t n\u0103m t\u1edbi, l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 M\u1ef9 s\u1ebd cao l\u00ean, \u0111\u1ed3ng \u0111\u00f4la c\u00f3 gi\u00e1 h\u01a1n v\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 to\u00e0n c\u1ea7u l\u1ea1i t\u00ecm \u0111\u1ebfn t\u00e0i s\u1ea3n r\u1ee7i ro.<\/p>\n

\u0110\u00e0 t\u0103ng c\u1ee7a v\u00e0ng k\u00e9o gi\u00e1 b\u1ea1c, b\u1ea1ch kim v\u00e0 palladium c\u00f9ng \u0111i l\u00ean. C\u1ea3 ba kim lo\u1ea1i qu\u00fd g\u1ea7n \u0111\u00e2y li\u00ean ti\u1ebfp l\u1eadp k\u1ef7 l\u1ee5c, v\u1edbi m\u1ee9c t\u0103ng n\u0103m nay dao \u0111\u1ed9ng 100-150%. Hakan Kaya – Gi\u00e1m \u0111\u1ed1c Danh m\u1ee5c \u0111\u1ea7u t\u01b0 t\u1ea1i Neuberger Berman cho bi\u1ebft v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0, kim lo\u1ea1i qu\u00fd \u0111\u00f3ng vai tr\u00f2 “c\u00f4ng c\u1ee5 tr\u00fa \u1ea9n trong m\u1ed9t th\u1ebf gi\u1edbi ng\u00e0y c\u00e0ng b\u1ea5t \u1ed5n”.<\/p>\n

Xu h\u01b0\u1edbng n\u00e0y c\u00f3 th\u1ec3 ti\u1ebfp di\u1ec5n. Khi c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng t\u0103ng d\u1ef1 tr\u1eef v\u00e0ng, l\u01b0\u1ee3ng v\u00e0ng l\u01b0u th\u00f4ng tr\u00ean th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 gi\u1ea3m. Nhu c\u1ea7u c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n t\u0103ng l\u00ean, trong khi ngu\u1ed3n cung gi\u1ea3m xu\u1ed1ng, c\u00f3 th\u1ec3 \u0111\u1ea9y gi\u00e1 l\u00ean cao.<\/p>\n

Matt Maley – chi\u1ebfn l\u01b0\u1ee3c gia th\u1ecb tr\u01b0\u1eddng t\u1ea1i Miller Tabak + cho r\u1eb1ng lo ng\u1ea1i v\u1ec1 th\u00e2m h\u1ee5t ng\u00e2n s\u00e1ch v\u00e0 g\u00e1nh n\u1eb7ng n\u1ee3 c\u00f4ng c\u1ee7a c\u00e1c ch\u00ednh ph\u1ee7 c\u0169ng \u0111ang th\u00fac \u0111\u1ea9y nhu c\u1ea7u kim lo\u1ea1i qu\u00fd. “Khi nh\u00e0 \u0111\u1ea7u t\u01b0 ng\u00e0y c\u00e0ng nh\u1eadn th\u1ee9c r\u00f5 h\u01a1n v\u1ec1 nh\u1eefng v\u1ea5n \u0111\u1ec1 n\u00e0y, h\u1ecd s\u1ebd mua v\u00e0ng \u0111\u1ec3 t\u00ecm s\u1ef1 an to\u00e0n”, Maley k\u1ebft lu\u1eadn.<\/p>\n

H\u00e0 Thu<\/strong> (theo CNN, Reuters)<\/em><\/p>\n

<\/span> <\/p>", "protected": false }, "excerpt": { "rendered": "

N\u0103m nay, gia\u0301 va\u0300ng th\u00ea\u0301 gi\u01a1\u0301i \u0111a\u0303 t\u0103ng 70%, v\u01b0\u1ee3t xa ch\u1ec9 s\u1ed1 S&P 500 cu\u0309a thi\u0323 tr\u01b0\u01a1\u0300ng ch\u01b0\u0301ng khoa\u0301n […]<\/p>", "protected": false }, "author": 5, "featured_media": 57894, "comment_status": "open", "ping_status": "open", "sticky": false, "template": "", "format": "standard", "meta": { "_acf_changed": false, "footnotes": "" }, "categories": [ 219 ], "tags": [], "class_list": [ "post-57892", "post", "type-post", "status-publish", "format-standard", "has-post-thumbnail", "hentry", "category-vang" ], "acf": [], "_links": { "self": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts\/57892", "targetHints": { "allow": [ "GET" ] } } ], "collection": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts" } ], "about": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/types\/post" } ], "author": [ { "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/users\/5" } ], "replies": [ { "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/comments?post=57892" } ], "version-history": [ { "count": 0, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts\/57892\/revisions" } ], "wp:featuredmedia": [ { "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/media\/57894" } ], "wp:attachment": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/media?parent=57892" } ], "wp:term": [ { "taxonomy": "category", "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/categories?post=57892" }, { "taxonomy": "post_tag", "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/tags?post=57892" } ], "curies": [ { "name": "wp", "href": "https:\/\/api.w.org\/{rel}", "templated": true } ] } }