{"id":51890,"date":"2025-10-17T13:40:35","date_gmt":"2025-10-17T06:40:35","guid":{"rendered":"https:\/\/hbbgroup.net\/gia-vang-the-gioi-tang-cao-lo-dien-dieu-khac-biet-ro-ret-so-voi-truoc\/"},"modified":"2025-10-17T13:40:35","modified_gmt":"2025-10-17T06:40:35","slug":"gia-vang-the-gioi-tang-cao-lo-dien-dieu-khac-biet-ro-ret-so-voi-truoc","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/gia-vang-the-gioi-tang-cao-lo-dien-dieu-khac-biet-ro-ret-so-voi-truoc\/","title":{"rendered":"Gi\u00e1 v\u00e0ng th\u1ebf gi\u1edbi t\u0103ng cao, l\u1ed9 di\u1ec7n \u0111i\u1ec1u kh\u00e1c bi\u1ec7t r\u00f5 r\u1ec7t so v\u1edbi tr\u01b0\u1edbc"},"content":{"rendered":"
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Gi\u00e1 v\u00e0ng “bay cao” v\u00e0 nh\u1eefng con s\u1ed1 ch\u00f3ng m\u1eb7t<\/strong><\/p>\n

Gi\u00e1 v\u00e0ng<\/a> th\u1ebf gi\u1edbi \u0111ang tr\u1ea3i qua m\u1ed9t \u0111\u1ee3t t\u0103ng gi\u00e1 l\u1ecbch s\u1eed, khi\u1ebfn th\u1ecb tr\u01b0\u1eddng h\u00e0ng h\u00f3a to\u00e0n c\u1ea7u rung chuy\u1ec3n. Trong phi\u00ean giao d\u1ecbch ng\u00e0y 16\/10 tr\u00ean s\u00e0n New York (\u0111\u00f3ng c\u1eeda r\u1ea1ng s\u00e1ng 17\/10 theo gi\u1edd Vi\u1ec7t Nam), gi\u00e1 v\u00e0ng giao ngay \u0111\u00e3 v\u1ecdt t\u0103ng kho\u1ea3ng 125 USD, t\u1eeb m\u1ee9c 4.200 USD l\u00ean 4.325 USD\/ounce.<\/p>\n

Sang \u0111\u1ea7u gi\u1edd s\u00e1ng 17\/10 tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u00e2u \u00c1, \u0111\u00e0 t\u0103ng ti\u1ebfp t\u1ee5c v\u1edbi m\u1ee9c nh\u00edch th\u00eam kho\u1ea3ng 1%, c\u00f3 l\u00fac ch\u1ea1m ng\u01b0\u1ee1ng 4.375 USD\/ounce. T\u00ednh t\u1eeb \u0111\u1ea7u n\u0103m 2025 \u0111\u1ebfn nay, gi\u00e1 v\u00e0ng \u0111\u00e3 t\u0103ng t\u1ed5ng c\u1ed9ng kho\u1ea3ng 67%, t\u1eeb m\u1ee9c kh\u1edfi \u0111i\u1ec3m 2.625 USD l\u00ean 4.375 USD\/ounce nh\u01b0 hi\u1ec7n t\u1ea1i.<\/p>\n

Trong n\u01b0\u1edbc, v\u00e0o cu\u1ed1i gi\u1edd chi\u1ec1u 16\/10, gi\u00e1 v\u00e0ng SJC \u0111\u00e3 v\u01b0\u1ee3t ng\u01b0\u1ee1ng 149 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng (b\u00e1n). Gi\u00e1 v\u00e0ng nh\u1eabn \u1edf nhi\u1ec1u th\u01b0\u01a1ng hi\u1ec7u \u0111\u00e3 l\u00ean t\u1edbi 153-154 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng.<\/p>\n

\u0110\u00e0 t\u0103ng n\u00e0y kh\u00f4ng ch\u1ec9 m\u1ea1nh m\u00e0 c\u00f2n li\u00ean t\u1ee5c l\u1eadp k\u1ef7 l\u1ee5c m\u1edbi. V\u00e0ng \u0111\u00e3 v\u01b0\u1ee3t ng\u01b0\u1ee1ng 3.000 USD h\u1ed3i gi\u1eefa th\u00e1ng 3, r\u1ed3i “ph\u00e1 \u0111\u1ea3o” m\u1ed1c 4.000 USD v\u00e0o \u0111\u1ea7u tu\u1ea7n th\u1ee9 2 c\u1ee7a th\u00e1ng 10, v\u00e0 ti\u1ebfp t\u1ee5c x\u00e1c l\u1eadp c\u00e1c \u0111\u1ec9nh cao m\u1ecdi th\u1eddi \u0111\u1ea1i m\u1ed9t c\u00e1ch nhanh ch\u00f3ng. Tr\u00ean Kitco News, c\u00f3 d\u1ef1 b\u00e1o cho r\u1eb1ng, v\u00e0ng c\u00f3 th\u1ec3 \u0111\u1ea1t 30 ngh\u00ecn USD\/ounce, t\u1ee9c g\u1ea5p kho\u1ea3ng 6-7 l\u1ea7n hi\u1ec7n t\u1ea1i.<\/p>\n

S\u1ef1 b\u00f9ng n\u1ed5 gi\u00e1 v\u00e0ng tr\u1edf th\u00e0nh “ch\u1ee7 \u0111\u1ec1 n\u00f3ng h\u1ed5i” t\u1ea1i cu\u1ed9c h\u1ecdp th\u01b0\u1eddng ni\u00ean c\u1ee7a Qu\u1ef9 Ti\u1ec1n t\u1ec7 Qu\u1ed1c t\u1ebf (IMF) v\u00e0 Ng\u00e2n h\u00e0ng Th\u1ebf gi\u1edbi (WB) di\u1ec5n ra t\u1eeb ng\u00e0y 15\/10 t\u1ea1i Washington.<\/p>\n

Theo Robin Brooks t\u1eeb Vi\u1ec7n Brookings, cu\u1ed9c th\u1ea3o lu\u1eadn v\u1ec1 v\u00e0ng c\u00f3 th\u1ec3 gi\u00fap ki\u1ec1m ch\u1ebf \u0111\u00e0 t\u0103ng, nh\u01b0ng c\u00e1c quan ch\u1ee9c IMF nh\u01b0 Tobias Adrian l\u1ea1i nh\u1ea5n m\u1ea1nh r\u1eb1ng gi\u00e1 v\u00e0ng ph\u1ea3n \u00e1nh b\u1ea5t \u1ed5n th\u1ecb tr\u01b0\u1eddng v\u00e0 thi\u1ebfu tin t\u01b0\u1edfng v\u00e0o ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 c\u1ee7a c\u00e1c ch\u00ednh ph\u1ee7 l\u1edbn. M\u1ed9t s\u1ed1 c\u1ef1u l\u00e3nh \u0111\u1ea1o ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng c\u00e1c n\u01b0\u1edbc c\u1ea3nh b\u00e1o \u0111\u00e2y l\u00e0 t\u00edn hi\u1ec7u m\u1ea5t ni\u1ec1m tin v\u00e0o kh\u1ea3 n\u0103ng ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t, \u0111\u1eb7c bi\u1ec7t \u1edf M\u1ef9.<\/p>\n

\"giavang<\/picture>
Gi\u00e1 v\u00e0ng nh\u1eabn nhi\u1ec1u n\u01a1i v\u01b0\u1ee3t xa 150 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng. \u1ea2nh: CH<\/em><\/figcaption><\/figure>\n

V\u1eady l\u00fd do n\u00e0o \u0111\u1ea9y gi\u00e1 v\u00e0ng l\u00ean cao?<\/strong><\/p>\n

\u0110\u1ea7u ti\u00ean l\u00e0 ch\u00ednh s\u00e1ch n\u1edbi l\u1ecfng t\u00e0i kh\u00f3a v\u00e0 ti\u1ec1n t\u1ec7 c\u1ee7a c\u00e1c n\u1ec1n kinh t\u1ebf l\u1edbn. C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (Fed) v\u1eeba c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t trong cu\u1ed9c h\u1ecdp th\u00e1ng 9 v\u1eeba qua v\u00e0 c\u00f3 th\u1ec3 c\u00f3 \u00edt nh\u1ea5t 2 l\u1ea7n h\u1ea1 l\u00e3i su\u1ea5t n\u1eefa trong n\u0103m nay. Trong khi c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng kh\u00e1c c\u0169ng theo ch\u00e2n, d\u1eabn \u0111\u1ebfn d\u00f2ng ti\u1ec1n r\u1ebb \u0111\u1ed5 v\u00e0o t\u00e0i s\u1ea3n tr\u00fa \u1ea9n nh\u01b0 v\u00e0ng.<\/p>\n

Th\u1ee9 hai, \u0111\u1ed3ng USD m\u1ea5t gi\u00e1 m\u1ea1nh, gi\u1ea3m g\u1ea7n 9% so v\u1edbi r\u1ed5 ti\u1ec1n t\u1ec7 k\u1ec3 t\u1eeb \u0111\u1ea7u n\u0103m t\u1edbi nay, l\u00e0m v\u00e0ng tr\u1edf n\u00ean h\u1ea5p d\u1eabn h\u01a1n. C\u0103ng th\u1eb3ng \u0111\u1ecba ch\u00ednh tr\u1ecb, t\u1eeb xung \u0111\u1ed9t Ukraine-Nga \u0111\u1ebfn b\u1ea5t \u1ed5n Trung \u0110\u00f4ng, c\u1ed9ng v\u1edbi cu\u1ed9c chi\u1ebfn th\u01b0\u01a1ng m\u1ea1i M\u1ef9-Trung v\u00e0 M\u1ef9 v\u1edbi nhi\u1ec1u n\u01b0\u1edbc kh\u00e1c (nh\u01b0 Canada, Mexico, Brazil) d\u01b0\u1edbi th\u1eddi T\u1ed5ng th\u1ed1ng M\u1ef9 Donald Trump, c\u00e0ng th\u00fac \u0111\u1ea9y nhu c\u1ea7u tr\u00fa \u1ea9n.<\/p>\n

\u00d4ng Trump \u0111\u00e3 \u00e1p thu\u1ebf l\u00ean h\u1ea7u h\u1ebft \u0111\u1ed1i t\u00e1c th\u01b0\u01a1ng m\u1ea1i t\u1eeb th\u00e1ng 4, t\u1ea1o b\u1ea5t \u1ed5n, khi\u1ebfn nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n v\u00e0 ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng (nh\u01b0 Trung Qu\u1ed1c, \u1ea4n \u0110\u1ed9) mua v\u00e0ng m\u1ea1nh m\u1ebd. Theo JPMorgan, nhu c\u1ea7u t\u1eeb ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng v\u00e0 ti\u00eau d\u00f9ng ch\u00e2u \u00c1 h\u1ed7 tr\u1ee3 v\u00e0ng v\u01b0\u1ee3t 4.300 USD.<\/p>\n

\u0110\u1ee3t s\u1ed1t v\u00e0ng kh\u00e1c bi\u1ec7t v\u00e0 nh\u1eefng r\u1ea1n n\u1ee9t s\u00e2u s\u1eafc<\/p>\n

\u0110\u1ee3t t\u0103ng gi\u00e1 v\u00e0ng t\u1eeb cu\u1ed1i 2023 \u0111\u1ebfn nay kh\u00e1c bi\u1ec7t r\u00f5 r\u1ec7t so v\u1edbi c\u00e1c chu k\u1ef3 tr\u01b0\u1edbc, theo \u0111\u00e1nh gi\u00e1 t\u1eeb chuy\u00ean gia t\u1ea1i IMF v\u00e0 b\u00e1o c\u00e1o t\u1eeb Kitco, JPMorgan.<\/p>\n

Trong qu\u00e1 kh\u1ee9, nh\u01b0 bong b\u00f3ng v\u00e0ng t\u1eeb th\u00e1ng 8\/1976 t\u1edbi \u0111\u1ea7u n\u0103m 1980 (t\u0103ng kho\u1ea3ng 7 l\u1ea7n, t\u1eeb 100 USD l\u00ean tr\u00ean 700 USD\/ounce), hay t\u1eeb 10\/2008-8\/2011 (t\u0103ng 250%, t\u1eeb h\u01a1n 700 USD l\u00ean 1.820 USD) di\u1ec5n ra do l\u1ea1m ph\u00e1t cao ho\u1eb7c kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh (nh\u01b0 2008).<\/p>\n

L\u1ea7n n\u00e0y, gi\u00e1 v\u00e0ng t\u0103ng 67% ch\u1ec9 trong 10 th\u00e1ng (sau khi \u0111\u00e3 t\u0103ng 27% trong n\u0103m 2024), t\u1ed1c \u0111\u1ed9 t\u0103ng c\u0169ng r\u1ea5t m\u1ea1nh, v\u1edbi c\u00e1c k\u1ef7 l\u1ee5c li\u00ean ti\u1ebfp v\u00e0 g\u1ea7n nh\u01b0 kh\u00f4ng c\u00f3 \u0111i\u1ec1u ch\u1ec9nh l\u1edbn.\u00a0<\/p>\n

V\u1eady \u0111i\u1ec1u g\u00ec \u0111ang x\u1ea3y ra khi v\u00e0ng t\u0103ng gi\u00e1 m\u1ea1nh nh\u01b0 v\u1eady? \u0110\u00e2y c\u00f3 l\u1ebd kh\u00f4ng ch\u1ec9 l\u00e0 ph\u1ea3n \u1ee9ng kinh t\u1ebf, m\u00e0 ph\u1ea3n \u00e1nh s\u1ef1 thay \u0111\u1ed5i c\u1ea5u tr\u00fac h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh th\u1ebf gi\u1edbi. Ni\u1ec1m tin v\u00e0o \u0111\u1ed3ng USD v\u00e0 tr\u00e1i phi\u1ebfu M\u1ef9 \u0111ang suy gi\u1ea3m. IMF c\u1ea3nh b\u00e1o “r\u1ee7i ro \u0111i\u1ec1u ch\u1ec9nh th\u1ecb tr\u01b0\u1eddng h\u1ed7n lo\u1ea1n” do n\u1ee3 c\u00f4ng M\u1ef9 v\u01b0\u1ee3t 37,6 ngh\u00ecn t\u1ef7 USD, c\u1ed9ng v\u1edbi ch\u00ednh s\u00e1ch c\u1ee7a T\u1ed5ng th\u1ed1ng M\u1ef9 Donald Trump l\u00e0m gia t\u0103ng b\u1ea5t \u1ed5n.<\/p>\n

V\u00e0ng tr\u1edf th\u00e0nh “h\u00e0ng r\u00e0o” tr\u01b0\u1edbc r\u1ee7i ro ch\u00ednh tr\u1ecb, nh\u01b0 T\u1ed5ng Gi\u00e1m \u0111\u1ed1c IMF Kristalina Georgieva (IMF) n\u00f3i: “B\u1ea5t \u1ed5n l\u00e0 b\u00ecnh th\u01b0\u1eddng m\u1edbi”. C\u00e1c n\u01b0\u1edbc BRICS \u0111ang x\u00e2y h\u1ec7 th\u1ed1ng thanh to\u00e1n song song, t\u00edch tr\u1eef v\u00e0ng \u0111\u1ec3 gi\u1ea3m ph\u1ee5 thu\u1ed9c USD, d\u1eabn \u0111\u1ebfn “chi\u1ebfn tranh kim lo\u1ea1i” nh\u01b0 Phair m\u00f4 t\u1ea3. C\u1ea1nh tranh M\u1ef9-Trung c\u00e0ng l\u00e0m r\u1ea1n n\u1ee9t: Trung Qu\u1ed1c mua v\u00e0ng m\u1ea1nh \u0111\u1ec3 \u0111a d\u1ea1ng h\u00f3a, trong khi M\u1ef9 \u00e1p thu\u1ebf l\u00e0m gi\u00e1n \u0111o\u1ea1n chu\u1ed7i cung \u1ee9ng, \u0111\u1ea9y gi\u00e1 b\u1ea1c-v\u00e0ng l\u00ean do thi\u1ebfu h\u1ee5t v\u1eadt ch\u1ea5t.<\/p>\n

Vi\u1ec7c v\u00e0ng t\u0103ng gi\u00e1 m\u1ea1nh c\u0169ng \u0111\u01b0\u1ee3c xem l\u00e0 t\u00edn hi\u1ec7u c\u1ee7a r\u1ee7i ro ph\u00eda tr\u01b0\u1edbc l\u1edbn. Ch\u1ee9ng kho\u00e1n M\u1ef9 (S&P 500) \u0111\u01b0\u1ee3c IMF \u0111\u00e1nh gi\u00e1 \u0111ang \u1edf trong t\u00ecnh tr\u1ea1ng “bong b\u00f3ng”, v\u1edbi \u0111\u1ecbnh gi\u00e1 cao 10% so v\u1edbi c\u01a1 b\u1ea3n, c\u00f3 th\u1ec3 s\u1ee5p \u0111\u1ed5 n\u1ebfu Fed si\u1ebft ch\u1eb7t do l\u1ea1m ph\u00e1t t\u1eeb thu\u1ebf quan. Th\u1ecb tr\u01b0\u1eddng ti\u1ec1n s\u1ed1 g\u1ea7n \u0111\u00e2y chao \u0111\u1ea3o, Bitcoin \u0111\u00e3 lao d\u1ed1c kho\u1ea3ng 15% so v\u1edbi \u0111\u1ec9nh, v\u00e0 c\u00f3 nguy c\u01a1 “\u0111i\u1ec1u ch\u1ec9nh m\u1ea1nh” n\u1ebfu v\u00e0ng ti\u1ebfp t\u1ee5c h\u00fat v\u1ed1n tr\u00fa \u1ea9n.\u00a0<\/p>\n

M\u1eb7c d\u00f9 xu h\u01b0\u1edbng v\u00e0ng t\u0103ng gi\u00e1 l\u00e0 r\u1ea5t r\u00f5 r\u00e0ng, m\u1ed9t s\u1ed1 d\u1ef1 b\u00e1o gi\u00e1 v\u00e0ng s\u1ebd l\u00ean 5.000-6.000 USD\/ounce ngay trong n\u0103m sau. Tuy nhi\u00ean, r\u1ee7i ro v\u00e0ng lao d\u1ed1c v\u1eabn c\u00f3 n\u1ebfu h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh v\u00e0 th\u01b0\u01a1ng m\u1ea1i th\u1ebf gi\u1edbi c\u00f3 s\u1ef1 thay \u0111\u1ed5i l\u1edbn.<\/p>\n

N\u1ebfu Fed \u0111\u1ea3o chi\u1ec1u t\u0103ng l\u00e3i su\u1ea5t \u0111\u1ec3 ch\u1ed1ng l\u1ea1m ph\u00e1t, gi\u00e1 v\u00e0ng s\u1ebd ch\u1ecbu \u1ea3nh h\u01b0\u1edfng. N\u1ebfu ni\u1ec1m tin USD ph\u1ee5c h\u1ed3i, v\u00e0ng c\u00f3 th\u1ec3 gi\u1ea3m 20-30% gi\u1ed1ng nh\u01b0 \u0111\u00e3 x\u1ea3y ra h\u1ed3i n\u0103m 2011. V\u1ec1 t\u1ed5ng th\u1ec3, \u0111\u1ee3t s\u1ed1t gi\u00e1 v\u00e0ng l\u1ea7n n\u00e0y c\u1ea3nh b\u00e1o h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh th\u1ebf gi\u1edbi \u0111ang ph\u00e2n c\u1ef1c, v\u1edbi M\u1ef9 suy gi\u1ea3m v\u1ecb th\u1ebf trong h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh th\u1ebf gi\u1edbi, \u0111\u1ea9y to\u00e0n c\u1ea7u v\u00e0o b\u1ea5t \u1ed5n l\u1edbn h\u01a1n.<\/p>\n

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Trung Qu\u1ed1c c\u1ee9ng r\u1eafn, gi\u00e1 v\u00e0ng v\u1ecdt l\u00ean 147,6 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng: Kh\u00f3 c\u1ea3n \u0111\u00e0 t\u0103ng<\/a>Ph\u1ea3n \u1ee9ng t\u1eeb B\u1eafc Kinh c\u00f3 th\u1ec3 khi\u1ebfn T\u1ed5ng th\u1ed1ng Donald Trump th\u1eadn tr\u1ecdng h\u01a1n trong cu\u1ed9c chi\u1ebfn th\u01b0\u01a1ng m\u1ea1i v\u1edbi Trung Qu\u1ed1c. K\u1ef3 v\u1ecdng M\u1ef9 h\u1ea1 l\u00e3i su\u1ea5t c\u00f9ng c\u0103ng th\u1eb3ng leo thang ti\u1ebfp t\u1ee5c \u0111\u1ea9y gi\u00e1 v\u00e0ng l\u00ean \u0111\u1ec9nh m\u1edbi.<\/span><\/p>\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"

Gi\u00e1 v\u00e0ng “bay cao” v\u00e0 nh\u1eefng con s\u1ed1 ch\u00f3ng m\u1eb7t Gi\u00e1 v\u00e0ng th\u1ebf gi\u1edbi \u0111ang tr\u1ea3i qua m\u1ed9t \u0111\u1ee3t t\u0103ng […]<\/p>","protected":false},"author":5,"featured_media":51893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[219],"tags":[],"class_list":["post-51890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-vang"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/51890","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\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=51890"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/51890\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/51893"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=51890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=51890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=51890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}