{ "id": 58244, "date": "2025-12-30T14:56:08", "date_gmt": "2025-12-30T07:56:08", "guid": { "rendered": "https:\/\/hbbgroup.net\/gia-vang-leo-thang-nho-luc-mua-am-tham-nhung-ben-bi\/" }, "modified": "2025-12-30T14:56:08", "modified_gmt": "2025-12-30T07:56:08", "slug": "gia-vang-leo-thang-nho-luc-mua-am-tham-nhung-ben-bi", "status": "publish", "type": "post", "link": "https:\/\/hbbgroup.net\/en_us\/gia-vang-leo-thang-nho-luc-mua-am-tham-nhung-ben-bi\/", "title": { "rendered": "Gi\u00e1 v\u00e0ng leo thang nh\u1edd l\u1ef1c mua \u00e2m th\u1ea7m nh\u01b0ng b\u1ec1n b\u1ec9" }, "content": { "rendered": "
\n

Gi\u00e1 v\u00e0ng th\u1ebf gi\u1edbi ti\u1ebfp t\u1ee5c neo quanh v\u00f9ng cao l\u1ecbch s\u1eed, v\u01b0\u1ee3t m\u1ed1c 4.500 USD\/ounce v\u00e0 x\u00e1c l\u1eadp h\u00e0ng lo\u1ea1t \u0111\u1ec9nh m\u1edbi. Theo The Times<\/em>, trong th\u00e1ng 12\/2025, gi\u00e1 v\u00e0ng<\/a> giao ngay ghi nh\u1eadn m\u1ee9c cao k\u1ef7 l\u1ee5c, c\u00f3 th\u1eddi \u0111i\u1ec3m v\u01b0\u1ee3t 4.545 USD\/ounce. \u0110\u00e1ng ch\u00fa \u00fd, \u0111\u1ee3t t\u0103ng gi\u00e1 n\u00e0y kh\u00f4ng ch\u1ec9 do t\u00e1c \u0111\u1ed9ng c\u1ee7a l\u1ea1m ph\u00e1t hay l\u00e0n s\u00f3ng \u0111\u1ea7u c\u01a1 ng\u1eafn h\u1ea1n, m\u00e0 \u0111\u01b0\u1ee3c d\u1eabn d\u1eaft b\u1edfi m\u1ed9t l\u1ef1c mua \u00e2m th\u1ea7m nh\u01b0ng b\u1ec1n b\u1ec9: c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng tr\u00ean to\u00e0n c\u1ea7u.<\/p>\n

V\u00e0ng t\u0103ng gi\u00e1 do y\u1ebfu t\u1ed1 b\u1ea5t \u0111\u1ecbnh<\/strong><\/p>\n

Trong nhi\u1ec1u th\u1eadp ni\u00ean, v\u00e0ng th\u01b0\u1eddng \u0111\u01b0\u1ee3c coi l\u00e0 \u201ch\u00e0ng r\u00e0o ch\u1ed1ng l\u1ea1m ph\u00e1t\u201d. Tuy nhi\u00ean, d\u1eef li\u1ec7u nh\u1eefng n\u0103m g\u1ea7n \u0111\u00e2y cho th\u1ea5y \u0111i\u1ec1u ng\u01b0\u1ee3c l\u1ea1i. Giai \u0111o\u1ea1n 2020-2022, khi l\u1ea1m ph\u00e1t t\u1ea1i M\u1ef9 v\u00e0 ch\u00e2u \u00c2u leo thang, gi\u00e1 v\u00e0ng g\u1ea7n nh\u01b0 \u0111i ngang.<\/p>\n

Ch\u1ec9 t\u1eeb sau n\u0103m 2022, v\u00e0ng m\u1edbi th\u1ef1c s\u1ef1 b\u01b0\u1edbc v\u00e0o chu k\u1ef3 t\u0103ng m\u1ea1nh, \u0111\u00fang th\u1eddi \u0111i\u1ec3m th\u1ebf gi\u1edbi ch\u1ee9ng ki\u1ebfn s\u1ef1 \u0111\u1ed5 v\u1ee1 c\u1ee7a nhi\u1ec1u gi\u1ea3 \u0111\u1ecbnh c\u0169 v\u1ec1 th\u01b0\u01a1ng m\u1ea1i, an ninh v\u00e0 t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u.<\/p>\n

\"H\u00ecnh<\/picture>
Nhi\u1ec1u ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng, trong \u0111\u00f3 c\u00f3 Trung Qu\u1ed1c, Ba Lan v\u00e0 Th\u1ed5 Nh\u0129 K\u1ef3 \u0111ang gia t\u0103ng d\u1ef1 tr\u1eef v\u00e0ng. \u1ea2nh: MarketMinute<\/figcaption><\/figure>\n

Theo ph\u00e2n t\u00edch c\u1ee7a Bloomberg<\/em>, \u0111\u1ee3t t\u0103ng gi\u00e1 hi\u1ec7n nay ph\u1ea3n \u00e1nh m\u1ed9t y\u1ebfu t\u1ed1 then ch\u1ed1t: b\u1ea5t \u0111\u1ecbnh \u0111\u1ecba ch\u00ednh tr\u1ecb v\u00e0 th\u1ec3 ch\u1ebf. Khi c\u00e1c chu\u1ea9n m\u1ef1c to\u00e0n c\u1ea7u lung lay, v\u00e0ng tr\u1edf th\u00e0nh t\u00e0i s\u1ea3n \u201ctrung l\u1eadp\u201d, kh\u00f4ng ph\u1ee5 thu\u1ed9c v\u00e0o m\u1ed9t ch\u00ednh ph\u1ee7, kh\u00f4ng th\u1ec3 b\u1ecb phong t\u1ecfa hay \u0111\u00f3ng b\u0103ng b\u1eb1ng c\u00e1c quy\u1ebft \u0111\u1ecbnh ch\u00ednh tr\u1ecb.<\/p>\n

Vi\u1ec7c t\u00e0i s\u1ea3n c\u1ee7a Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Nga b\u1ecb phong t\u1ecfa sau n\u0103m 2022 \u0111\u00e3 t\u1ea1o ra c\u00fa s\u1ed1c t\u00e2m l\u00fd v\u1edbi nhi\u1ec1u qu\u1ed1c gia kh\u00e1c. N\u1ebfu d\u1ef1 tr\u1eef b\u1eb1ng USD hay tr\u00e1i phi\u1ebfu M\u1ef9 c\u00f3 th\u1ec3 tr\u1edf th\u00e0nh c\u00f4ng c\u1ee5 tr\u1eebng ph\u1ea1t th\u00ec v\u00e0ng – v\u1ed1n t\u1ed3n t\u1ea1i v\u1eadt ch\u1ea5t,\u00a0kh\u00f4ng ph\u1ee5 thu\u1ed9c h\u1ec7 th\u1ed1ng thanh to\u00e1n, l\u1eadp t\u1ee9c l\u1ea5y l\u1ea1i gi\u00e1 tr\u1ecb chi\u1ebfn l\u01b0\u1ee3c.<\/p>\n

S\u1ed1 li\u1ec7u c\u1ee7a H\u1ed9i \u0111\u1ed3ng V\u00e0ng Th\u1ebf gi\u1edbi (WGC) cho th\u1ea5y, t\u1eeb 2022-2024, c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng mua r\u00f2ng h\u01a1n 1.000 t\u1ea5n v\u00e0ng m\u1ed7i n\u0103m, m\u1ee9c cao hi\u1ebfm th\u1ea5y trong l\u1ecbch s\u1eed hi\u1ec7n \u0111\u1ea1i. N\u0103m 2025, d\u00f9 gi\u00e1 v\u00e0ng r\u1ea5t cao, c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng v\u1eabn ti\u1ebfp t\u1ee5c mua r\u00f2ng.<\/p>\n

Trong th\u00e1ng 10, c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng to\u00e0n c\u1ea7u mua 53 t\u1ea5n v\u00e0ng – m\u1ee9c cao nh\u1ea5t t\u1eeb \u0111\u1ea7u n\u0103m 2025. Ba Lan, Brazil, Uzbekistan, Th\u1ed5 Nh\u0129 K\u1ef3, Trung Qu\u1ed1c… l\u00e0 nh\u1eefng c\u00e1i t\u00ean n\u1ed5i b\u1eadt. Ba Lan hi\u1ec7n d\u1eabn \u0111\u1ea7u th\u1ebf gi\u1edbi v\u1ec1 mua v\u00e0ng trong n\u0103m 2025, trong khi Ng\u00e2n h\u00e0ng Nh\u00e2n d\u00e2n Trung Qu\u1ed1c (PBoC) \u0111\u00e3 mua v\u00e0ng 9 th\u00e1ng li\u00ean ti\u1ebfp, v\u1edbi t\u1ed5ng l\u01b0\u1ee3ng mua kho\u1ea3ng 36 t\u1ea5n t\u00ednh \u0111\u1ebfn h\u1ebft qu\u00fd III\/2025.<\/p>\n

\u0110i\u1ec1u \u0111\u00e1ng n\u00f3i l\u00e0 xu h\u01b0\u1edbng n\u00e0y kh\u00f4ng ch\u1ec9 di\u1ec5n ra t\u1ea1i c\u00e1c n\u1ec1n kinh t\u1ebf m\u1edbi n\u1ed5i. Ngay c\u1ea3 \u1edf ch\u00e2u \u00c2u, n\u01a1i t\u1eebng l\u00e0 khu v\u1ef1c b\u00e1n v\u00e0ng r\u00f2ng trong qu\u00e1 kh\u1ee9, nhi\u1ec1u ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng c\u0169ng quay l\u1ea1i t\u00edch tr\u1eef kim lo\u1ea1i qu\u00fd n\u00e0y do lo ng\u1ea1i r\u1ee7i ro an ninh v\u00e0 t\u00e0i ch\u00ednh trong b\u1ed1i c\u1ea3nh chi\u1ebfn s\u1ef1 lan r\u1ed9ng.<\/p>\n

Nhi\u1ec1u nh\u00e0 ph\u00e2n t\u00edch cho r\u1eb1ng, s\u1ef1 tr\u1edf l\u1ea1i c\u1ee7a v\u00e0ng ph\u1ea3n \u00e1nh qu\u00e1 tr\u00ecnh \u201cgi\u1ea3m ph\u1ee5 thu\u1ed9c v\u00e0o USD\u201d (de-dollarization<\/em>) \u0111ang di\u1ec5n ra \u00e2m th\u1ea7m nh\u01b0ng dai d\u1eb3ng. T\u1eeb n\u0103m 2011 \u0111\u1ebfn nay, Trung Qu\u1ed1c \u0111\u00e3 gi\u1ea3m m\u1ea1nh l\u01b0\u1ee3ng tr\u00e1i phi\u1ebfu kho b\u1ea1c M\u1ef9 n\u1eafm gi\u1eef, \u0111\u1ed3ng th\u1eddi gia t\u0103ng d\u1ef1 tr\u1eef v\u00e0ng.<\/p>\n

M\u1ed9t \u0111i\u1ec1u \u0111\u1eb7c bi\u1ec7t c\u1ee7a chu k\u1ef3 hi\u1ec7n nay l\u00e0 m\u1ed1i quan h\u1ec7 truy\u1ec1n th\u1ed1ng gi\u1eefa v\u00e0ng v\u00e0 l\u00e3i su\u1ea5t \u0111ang b\u1ecb ph\u00e1 v\u1ee1. Tr\u01b0\u1edbc \u0111\u00e2y, l\u00e3i su\u1ea5t cao th\u01b0\u1eddng k\u00e9o gi\u00e1 v\u00e0ng xu\u1ed1ng. Nh\u01b0ng n\u0103m 2025, l\u00e3i su\u1ea5t \u1edf m\u1ee9c cao trong khi gi\u00e1 v\u00e0ng v\u1eabn t\u0103ng m\u1ea1nh.<\/p>\n

\"H\u00ecnh<\/picture>
Gi\u00e1 v\u00e0ng th\u1ebf gi\u1edbi li\u00ean t\u1ee5c l\u1eadp \u0111\u1ec9nh m\u1edbi trong n\u0103m 2025, ph\u1ea3n \u00e1nh nhu c\u1ea7u tr\u00fa \u1ea9n gia t\u0103ng trong b\u1ed1i c\u1ea3nh b\u1ea5t \u1ed5n kinh t\u1ebf v\u00e0 \u0111\u1ecba ch\u00ednh tr\u1ecb to\u00e0n c\u1ea7u. \u1ea2nh: Bloomberg<\/figcaption><\/figure>\n

Nguy\u00ean nh\u00e2n n\u1eb1m \u1edf s\u1ef1 m\u1ea5t ni\u1ec1m tin v\u00e0o ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 trong d\u00e0i h\u1ea1n. Khi C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (Fed) \u0111\u1ed1i m\u1eb7t v\u1edbi \u00e1p l\u1ef1c ch\u00ednh tr\u1ecb ng\u00e0y c\u00e0ng l\u1edbn, trong khi n\u1ee3 c\u00f4ng v\u00e0 chi ph\u00ed l\u00e3i vay c\u1ee7a M\u1ef9 ph\u00ecnh to, nhi\u1ec1u ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng b\u1eaft \u0111\u1ea7u lo ng\u1ea1i v\u1ec1 t\u00ednh \u0111\u1ed9c l\u1eadp v\u00e0 \u0111\u1ecbnh h\u01b0\u1edbng t\u01b0\u01a1ng lai c\u1ee7a Fed.<\/p>\n

Trong b\u1ed1i c\u1ea3nh \u0111\u00f3, v\u00e0ng kh\u00f4ng c\u00f2n \u0111\u01b0\u1ee3c nh\u00ecn nh\u1eadn ch\u1ec9 nh\u01b0 m\u1ed9t c\u00f4ng c\u1ee5 ph\u00f2ng h\u1ed9 m\u00e0 l\u00e0 b\u1ea3o hi\u1ec3m cu\u1ed1i c\u00f9ng tr\u01b0\u1edbc nh\u1eefng r\u1ee7i ro th\u1ec3 ch\u1ebf.<\/p>\n

B\u1ea1c v\u00e0 kim lo\u1ea1i qu\u00fd c\u0169ng \u0111\u01b0\u1ee3c ‘s\u0103n \u0111\u00f3n’<\/strong><\/p>\n

S\u1ef1 d\u1ecbch chuy\u1ec3n kh\u1ecfi c\u00e1c t\u00e0i s\u1ea3n t\u00e0i ch\u00ednh truy\u1ec1n th\u1ed1ng kh\u00f4ng ch\u1ec9 d\u1eebng l\u1ea1i \u1edf v\u00e0ng. B\u1ea1c, b\u1ea1ch kim v\u00e0 palladium, nh\u1eefng kim lo\u1ea1i v\u1eeba mang t\u00ednh t\u00e0i ch\u00ednh v\u1eeba mang t\u00ednh c\u00f4ng nghi\u1ec7p c\u0169ng \u0111ang thu h\u00fat d\u00f2ng ti\u1ec1n m\u1edbi.<\/p>\n

T\u1eebng r\u1ebb g\u1ea5p h\u00e0ng ch\u1ee5c l\u1ea7n so v\u1edbi v\u00e0ng, gi\u00e1 b\u1ea1c \u0111ang d\u1ea7n thu h\u1eb9p kho\u1ea3ng c\u00e1ch. Trong b\u1ed1i c\u1ea3nh chi\u1ebfn tranh th\u01b0\u01a1ng m\u1ea1i, gi\u00e1n \u0111o\u1ea1n chu\u1ed7i cung \u1ee9ng v\u00e0 c\u1ea1nh tranh c\u00f4ng ngh\u1ec7 gia t\u0103ng, vi\u1ec7c t\u00edch tr\u1eef t\u00e0i nguy\u00ean chi\u1ebfn l\u01b0\u1ee3c tr\u1edf th\u00e0nh \u01b0u ti\u00ean c\u1ee7a nhi\u1ec1u qu\u1ed1c gia.<\/p>\n

C\u00e1c chuy\u00ean gia cho r\u1eb1ng, xu h\u01b0\u1edbng ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng gom v\u00e0ng l\u00e0 bi\u1ec3u hi\u1ec7n r\u00f5 n\u00e9t c\u1ee7a m\u1ed9t th\u1ebf gi\u1edbi \u0111ang chuy\u1ec3n t\u1eeb \u201ct\u1ed1i \u0111a h\u00f3a t\u0103ng tr\u01b0\u1edfng\u201d sang \u201ct\u1ed1i \u0111a h\u00f3a kh\u1ea3 n\u0103ng ch\u1ed1ng ch\u1ecbu\u201d. Khi nguy c\u01a1 l\u1edbn h\u01a1n c\u01a1 h\u1ed9i, c\u00e1c ch\u00ednh ph\u1ee7 v\u00e0 \u0111\u1ecbnh ch\u1ebf t\u00e0i ch\u00ednh bu\u1ed9c ph\u1ea3i thay \u0111\u1ed5i t\u01b0 duy.<\/p>\n

V\u00e0ng kh\u00f4ng ch\u1ec9 l\u00e0 t\u00e0i s\u1ea3n, m\u00e0 c\u00f2n ph\u1ea3n \u00e1nh c\u00e1ch c\u00e1c qu\u1ed1c gia nh\u00ecn nh\u1eadn t\u01b0\u01a1ng lai: \u00edt ch\u1eafc ch\u1eafn h\u01a1n, nhi\u1ec1u r\u1ee7i ro h\u01a1n v\u00e0 \u0111\u00f2i h\u1ecfi m\u1ee9c \u0111\u1ed9 t\u1ef1 ch\u1ee7 cao h\u01a1n.<\/p>\n

Goldman Sachs t\u1eebng \u0111\u01b0a ra k\u1ecbch b\u1ea3n gi\u00e1 v\u00e0ng c\u00f3 th\u1ec3 ti\u1ebfn s\u00e1t m\u1ed1c 5.000 USD\/ounce n\u1ebfu b\u1ea5t \u1ed5n \u0111\u1ecba ch\u00ednh tr\u1ecb k\u00e9o d\u00e0i v\u00e0 c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng ti\u1ebfp t\u1ee5c mua m\u1ea1nh.\u00a0<\/p>\n

D\u00f9 c\u00f2n nhi\u1ec1u tranh c\u00e3i nh\u01b0ng m\u1ed9t \u0111i\u1ec1u \u0111ang tr\u1edf n\u00ean r\u00f5 r\u00e0ng: v\u00e0ng \u0111\u00e3 tr\u1edf l\u1ea1i vai tr\u00f2 trung t\u00e2m trong h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u nh\u01b0ng kh\u00f4ng ph\u1ea3i nh\u01b0 qu\u00e1 kh\u1ee9 m\u00e0 trong m\u1ed9t h\u00ecnh h\u00e0i m\u1edbi, g\u1eafn ch\u1eb7t v\u1edbi n\u1ed7i lo v\u1ec1 quy\u1ec1n l\u1ef1c, ni\u1ec1m tin v\u00e0 tr\u1eadt t\u1ef1 qu\u1ed1c t\u1ebf.<\/p>\n

Theo World Gold Council, Bloomberg, The Times<\/em><\/p>\n

<\/picture><\/a> <\/p>\n
\n

Gi\u00e1 v\u00e0ng h\u00f4m nay 28\/12\/2025: Gia t\u0103ng t\u00edch tr\u1eef, v\u00e0ng c\u00f2n n\u00f3ng r\u1ef1c<\/a>Gi\u00e1 v\u00e0ng h\u00f4m nay 28\/12\/2025 ti\u1ebfp t\u1ee5c tr\u1ee5 v\u1eefng tr\u00ean m\u1ed1c 4.500 USD\/ounce. Gi\u00e1 v\u00e0ng mi\u1ebfng SJC ch\u1ed1t phi\u00ean g\u1ea7n 160 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng, t\u0103ng 3,1 tri\u1ec7u \u0111\u1ed3ng so v\u1edbi cu\u1ed1i tu\u1ea7n tr\u01b0\u1edbc.<\/span><\/p>\n<\/div><\/div>", "protected": false }, "excerpt": { "rendered": "

Gi\u00e1 v\u00e0ng th\u1ebf gi\u1edbi ti\u1ebfp t\u1ee5c neo quanh v\u00f9ng cao l\u1ecbch s\u1eed, v\u01b0\u1ee3t m\u1ed1c 4.500 USD\/ounce v\u00e0 x\u00e1c l\u1eadp h\u00e0ng […]<\/p>", "protected": false }, "author": 5, "featured_media": 58247, "comment_status": "open", "ping_status": "open", "sticky": false, "template": "", "format": "standard", "meta": { "_acf_changed": false, "footnotes": "" }, "categories": [ 219 ], "tags": [], "class_list": [ "post-58244", "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\/58244", "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=58244" } ], "version-history": [ { "count": 0, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts\/58244\/revisions" } ], "wp:featuredmedia": [ { "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/media\/58247" } ], "wp:attachment": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/media?parent=58244" } ], "wp:term": [ { "taxonomy": "category", "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/categories?post=58244" }, { "taxonomy": "post_tag", "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/tags?post=58244" } ], "curies": [ { "name": "wp", "href": "https:\/\/api.w.org\/{rel}", "templated": true } ] } }