{"id":47945,"date":"2025-09-07T06:55:39","date_gmt":"2025-09-06T23:55:39","guid":{"rendered":"https:\/\/hbbgroup.net\/con-sot-tu-pho-vang-tran-nhan-tong-cau-giay-cho-den-pho-wall-dieu-gi-khien-noi-noi-day-manh-tich-tru\/"},"modified":"2025-09-07T06:55:39","modified_gmt":"2025-09-06T23:55:39","slug":"con-sot-tu-pho-vang-tran-nhan-tong-cau-giay-cho-den-pho-wall-dieu-gi-khien-noi-noi-day-manh-tich-tru","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/con-sot-tu-pho-vang-tran-nhan-tong-cau-giay-cho-den-pho-wall-dieu-gi-khien-noi-noi-day-manh-tich-tru\/","title":{"rendered":"C\u01a1n s\u1ed1t t\u1eeb “ph\u1ed1 v\u00e0ng” Tr\u1ea7n Nh\u00e2n T\u00f4ng, C\u1ea7u Gi\u1ea5y cho \u0111\u1ebfn Ph\u1ed1 Wall: \u0110i\u1ec1u g\u00ec khi\u1ebfn n\u01a1i n\u01a1i \u0111\u1ea9y m\u1ea1nh t\u00edch tr\u1eef?"},"content":{"rendered":"
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Nh\u1eefng ng\u00e0y qua, h\u00ecnh \u1ea3nh ng\u01b0\u1eddi d\u00e2n x\u1ebfp h\u00e0ng d\u00e0i ch\u1edd mua v\u00e0ng b\u1ea5t ch\u1ea5p gi\u00e1 v\u01b0\u1ee3t \u0111\u1ec9nh l\u00e0 m\u1ed9t hi\u1ec7n t\u01b0\u1ee3ng \u0111\u00e1ng ch\u00fa \u00fd. C\u00e1c ph\u1ed1 v\u00e0ng n\u1ed5i ti\u1ebfng \u1edf H\u00e0 N\u1ed9i nh\u01b0 Tr\u1ea7n Nh\u00e2n T\u00f4ng, C\u1ea7u Gi\u1ea5y tr\u1edf n\u00ean \u0111\u00f4ng \u0111\u00fac, nh\u1ed9n nh\u1ecbp khi nhu c\u1ea7u mua v\u00e0ng t\u0103ng cao trong khi ngu\u1ed3n cung h\u1ea1n ch\u1ebf. Th\u1eadm ch\u00ed c\u00f3 nh\u1eefng ng\u01b0\u1eddi tr\u1ea3i b\u1ea1t ch\u1edd qua \u0111\u00eam \u0111\u1ec3 mua v\u00e0ng, c\u00f3 ng\u01b0\u1eddi than th\u1edf \u201cc\u00f3 ti\u1ec1n m\u00e0 kh\u00f4ng mua \u0111\u01b0\u1ee3c v\u00e0ng\u201d. <\/p>\n

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\"C\u01a1n <\/p>

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\"C\u01a1n <\/p>

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\"C\u01a1n <\/p>

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Nhi\u1ec1u ng\u01b0\u1eddi tr\u1ea3i b\u1ea1t ch\u1edd mua v\u00e0ng. Ngu\u1ed3n: Vietnamnet<\/p>\n<\/figcaption><\/figure>\n

Hi\u1ec7n t\u01b0\u1ee3ng x\u1ea3y ra trong b\u1ed1i c\u1ea3nh gi\u00e1 v\u00e0ng t\u0103ng cao k\u1ef7 l\u1ee5c. Theo \u00f4ng \u0110o\u00e0n Th\u00e1i S\u01a1n – Ph\u00f3 Th\u1ed1ng \u0111\u1ed1c Ng\u00e2n h\u00e0ng Nh\u00e0 n\u01b0\u1edbc Vi\u1ec7t Nam, \u0111\u1ee3t t\u0103ng gi\u00e1 v\u00e0ng v\u1eeba qua l\u00e0 do ba y\u1ebfu t\u1ed1 ch\u00ednh. Th\u1ee9 nh\u1ea5t l\u00e0 gi\u00e1 v\u00e0ng th\u1ebf gi\u1edbi t\u0103ng r\u1ea5t cao. Th\u1ee9 hai l\u00e0 k\u1ef3 v\u1ecdng v\u00e0 t\u00e2m l\u00fd c\u1ee7a th\u1ecb tr\u01b0\u1eddng r\u1eb1ng gi\u00e1 v\u00e0ng s\u1ebd t\u0103ng ti\u1ebfp, d\u1eabn \u0111\u1ebfn nhu c\u1ea7u mua v\u00e0ng c\u1ee7a ng\u01b0\u1eddi d\u00e2n t\u0103ng r\u1ea5t cao. Th\u1ee9 ba l\u00e0 ngu\u1ed3n cung khan hi\u1ebfm do \u0111ang trong qu\u00e1 tr\u00ecnh chuy\u1ec3n \u0111\u1ed5i qu\u1ea3n l\u00fd v\u00e0ng theo c\u01a1 ch\u1ebf m\u1edbi. <\/p>\n

Th\u1ef1c t\u1ebf, v\u00e0ng v\u1eabn lu\u00f4n l\u00e0 m\u1ed9t k\u00eanh \u0111\u1ea7u t\u01b0 ph\u1ed5 bi\u1ebfn t\u1ea1i Vi\u1ec7t Nam, v\u1edbi nhi\u1ec1u ph\u00e2n kh\u00fac ph\u00f9 h\u1ee3p v\u1edbi \u0111\u1ea1i \u0111a s\u1ed1 c\u00e1c t\u1ea7ng l\u1edbp trong x\u00e3 h\u1ed9i. V\u1edbi vi\u1ec7c c\u00f3 s\u1ef1 ch\u00eanh l\u1ec7ch gi\u1eefa gi\u00e1 mua \u2013 b\u00e1n, ng\u01b0\u1eddi d\u00e2n mua v\u00e0ng ch\u1ee7 y\u1ebfu nh\u1eb1m m\u1ee5c \u0111\u00edch t\u00edch tr\u1eef, thay v\u00ec l\u01b0\u1edbt s\u00f3ng. V\u1edbi m\u1eb7t b\u1eb1ng l\u00e3i su\u1ea5t \u1edf m\u1ee9c th\u1ea5p nh\u01b0 hi\u1ec7n nay, nhu c\u1ea7u n\u1eafm gi\u1eef v\u00e0ng c\u1ee7a ng\u01b0\u1eddi d\u00e2n l\u1ea1i c\u00e0ng t\u0103ng cao. <\/p>\n

Xu h\u01b0\u1edbng t\u0103ng t\u00edch tr\u1eef v\u00e0ng kh\u00f4ng ch\u1ec9 di\u1ec5n ra t\u1ea1i Vi\u1ec7t Nam m\u00e0 \u0111ang l\u00e0 \u201chot trend\u201d tr\u00ean to\u00e0n c\u1ea7u. Theo m\u1ed9t ph\u00e2n t\u00edch c\u1ee7a Charles-Henry Monchau, Gi\u00e1m \u0111\u1ed1c \u0110\u1ea7u t\u01b0 (CIO) t\u1ea1i c\u00f4ng ty qu\u1ea3n l\u00fd t\u00e0i s\u1ea3n Th\u1ee5y S\u0129 Syz Group, c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng to\u00e0n c\u1ea7u \u0111ang n\u1eafm gi\u1eef l\u01b0\u1ee3ng v\u00e0ng d\u1ef1 tr\u1eef nhi\u1ec1u h\u01a1n tr\u00e1i phi\u1ebfu kho b\u1ea1c M\u1ef9 l\u1ea7n \u0111\u1ea7u k\u1ec3 t\u1eeb n\u0103m 1996. Thay \u0111\u1ed5i \u0111\u00e1ng k\u1ec3 n\u00e0y \u0111\u01b0\u1ee3c m\u00f4 t\u1ea3 l\u00e0 \u201cS\u1ef1 t\u00e1i c\u00e2n b\u1eb1ng to\u00e0n c\u1ea7u\u201d, di\u1ec5n ra trong b\u1ed1i c\u1ea3nh b\u1ea5t \u1ed5n \u0111\u1ecba ch\u00ednh tr\u1ecb v\u00e0 th\u01b0\u01a1ng m\u1ea1i ng\u00e0y c\u00e0ng gia t\u0103ng. <\/p>\n

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\"C\u01a1n <\/p>

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Theo H\u1ed9i \u0111\u1ed3ng V\u00e0ng Th\u1ebf gi\u1edbi (WGC), sau nhi\u1ec1u n\u0103m t\u0103ng tr\u01b0\u1edfng khi\u00eam t\u1ed1n, c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng \u0111\u00e3 t\u0103ng t\u1ed1c m\u1ea1nh m\u1ebd vi\u1ec7c mua v\u00e0ng. Cu\u1ed9c kh\u1ea3o s\u00e1t n\u0103m 2025 c\u1ee7a WGC cho th\u1ea5y 43% c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng c\u00f3 k\u1ebf ho\u1ea1ch b\u1ed5 sung th\u00eam v\u00e0ng v\u00e0o n\u0103m t\u1edbi v\u00e0 95% k\u1ef3 v\u1ecdng l\u01b0\u1ee3ng v\u00e0ng n\u1eafm gi\u1eef tr\u00ean to\u00e0n c\u1ea7u s\u1ebd ti\u1ebfp t\u1ee5c t\u0103ng. <\/p>\n

Kh\u00f4ng ch\u1ec9 c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng tr\u00ean th\u1ebf gi\u1edbi, c\u00e1c \u201csi\u00eau c\u00e1 m\u1eadp\u201d ph\u1ed1 Wall c\u0169ng \u201cr\u1ea7m r\u1ed9\u201d gom v\u00e0ng th\u1eddi gian qua. C\u00e1c qu\u1ef9 ETF v\u00e0ng c\u1ee7a nh\u1eefng \u201cg\u00e3 kh\u1ed5ng l\u1ed3\u201d qu\u1ea3n l\u00fd t\u00e0i s\u1ea3n h\u00e0ng \u0111\u1ea7u th\u1ebf gi\u1edbi nh\u01b0 Black Rock, State Street Global Advisors (SSGA) \u0111\u1ec1u \u0111\u00e3 h\u00fat r\u00f2ng h\u00e0ng ch\u1ee5c t\u1ef7 USD t\u1eeb \u0111\u1ea7u n\u0103m 2025. <\/p>\n

\u0110\u00e1ng ch\u00fa \u00fd, ch\u1ec9 ri\u00eang SPDR Gold Trust ETF (thu\u1ed9c SSGA) \u0111\u00e3 h\u00fat r\u00f2ng h\u01a1n 11,3 t\u1ef7 USD t\u1eeb \u0111\u1ea7u n\u0103m. Qu\u1ef9 hi\u1ec7n \u0111ang n\u1eafm g\u1ea7n 982 t\u1ea5n v\u00e0ng. Trong khi \u0111\u00f3, b\u1ed9 \u0111\u00f4i iShare Gold Trust ETF v\u00e0 iShare Physical Gold ETF thu\u1ed9c Black Rock \u0111\u00e3 h\u00fat r\u00f2ng l\u1ea7n l\u01b0\u1ee3t 6,9 t\u1ef7 USD v\u00e0 3,5 t\u1ef7 USD t\u1eeb \u0111\u1ea7u n\u0103m. 2 qu\u1ef9 \u0111ang n\u1eafm t\u1ed5ng c\u1ed9ng 692 t\u1ea5n v\u00e0ng. <\/p>\n

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\"C\u01a1n <\/p>

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C\u00e1c nh\u00e0 ph\u00e2n t\u00edch cho r\u1eb1ng nguy\u00ean nh\u00e2n ch\u00ednh d\u1eabn \u0111\u1ebfn nhu c\u1ea7u t\u00edch tr\u1eef v\u00e0ng t\u0103ng cao l\u00e0 do USD \u0111ang d\u1ea7n suy y\u1ebfu vai tr\u00f2 ti\u1ec1n t\u1ec7 d\u1ef1 tr\u1eef s\u1ed1 m\u1ed9t. N\u1ee3 c\u00f4ng M\u1ef9 \u1edf m\u1ee9c cao k\u1ef7 l\u1ee5c, c\u00f9ng v\u1edbi b\u1ea5t \u1ed5n \u0111\u1ecba ch\u00ednh tr\u1ecb v\u00e0 nh\u1eefng lo ng\u1ea1i v\u1ec1 tri\u1ec3n v\u1ecdng kinh t\u1ebf to\u00e0n c\u1ea7u, \u0111\u00e3 th\u00fac \u0111\u1ea9y c\u00e1c qu\u1ed1c gia t\u00ecm t\u1edbi v\u00e0ng nh\u01b0 m\u1ed9t \u201cn\u01a1i tr\u00fa \u1ea9n an to\u00e0n\u201d. <\/p>\n

Theo c\u00e1c chuy\u00ean gia Goldman Sachs, k\u1ecbch b\u1ea3n Fed m\u1ea5t \u0111\u1ed9c l\u1eadp s\u1ebd d\u1eabn \u0111\u1ebfn nhi\u1ec1u h\u1ec7 l\u1ee5y nh\u01b0 L\u1ea1m ph\u00e1t cao h\u01a1n, gi\u00e1 c\u1ed5 phi\u1ebfu v\u00e0 tr\u00e1i phi\u1ebfu d\u00e0i h\u1ea1n gi\u1ea3m, \u0111\u1ed3ng USD suy y\u1ebfu vai tr\u00f2 \u0111\u1ed3ng ti\u1ec1n d\u1ef1 tr\u1eef to\u00e0n c\u1ea7u. Trong khi \u0111\u00f3, v\u00e0ng \u0111\u01b0\u1ee3c coi l\u00e0 t\u00e0i s\u1ea3n l\u01b0u gi\u1eef gi\u00e1 tr\u1ecb, kh\u00f4ng ph\u1ee5 thu\u1ed9c v\u00e0o ni\u1ec1m tin v\u00e0o c\u00e1c th\u1ec3 ch\u1ebf. Ng\u00e2n h\u00e0ng n\u00e0y d\u1ef1 b\u00e1o v\u00e0ng c\u00f3 th\u1ec3 t\u0103ng v\u1ecdt l\u00ean g\u1ea7n 5.000 USD\/ounce. <\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Nh\u1eefng ng\u00e0y qua, h\u00ecnh \u1ea3nh ng\u01b0\u1eddi d\u00e2n x\u1ebfp h\u00e0ng d\u00e0i ch\u1edd mua v\u00e0ng b\u1ea5t ch\u1ea5p gi\u00e1 v\u01b0\u1ee3t \u0111\u1ec9nh l\u00e0 m\u1ed9t […]<\/p>","protected":false},"author":1,"featured_media":47946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[221],"tags":[],"class_list":["post-47945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chung-khoan"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/47945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=47945"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/47945\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/47946"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=47945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=47945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=47945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}