{"id":57763,"date":"2025-12-25T10:40:37","date_gmt":"2025-12-25T03:40:37","guid":{"rendered":"https:\/\/hbbgroup.net\/vang-giam-sau-phien-tang-ky-luc-khoang-lang-hay-rui-ro-aposbong-tayapos\/"},"modified":"2025-12-25T10:40:37","modified_gmt":"2025-12-25T03:40:37","slug":"vang-giam-sau-phien-tang-ky-luc-khoang-lang-hay-rui-ro-aposbong-tayapos","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/vang-giam-sau-phien-tang-ky-luc-khoang-lang-hay-rui-ro-aposbong-tayapos\/","title":{"rendered":"V\u00e0ng gi\u1ea3m sau phi\u00ean t\u0103ng k\u1ef7 l\u1ee5c: Kho\u1ea3ng l\u1eb7ng hay r\u1ee7i ro 'b\u1ecfng tay'?"},"content":{"rendered":"
\n

Th\u1ecb tr\u01b0\u1eddng v\u00e0ng h\u1ea1 nhi\u1ec7t<\/strong><\/p>\n

Trong phi\u00ean giao d\u1ecbch \u0111\u00eam 24\/12 (gi\u1edd Vi\u1ec7t Nam), gi\u00e1 v\u00e0ng tr\u00ean th\u1ecb tr\u01b0\u1eddng M\u1ef9 quay \u0111\u1ea7u gi\u1ea3m sau hai phi\u00ean b\u1ee9t ph\u00e1 m\u1ea1nh m\u1ebd, t\u1eeb v\u00f9ng 4.330 USD\/ounce l\u00ean \u0111\u1ec9nh cao l\u1ecbch s\u1eed m\u1edbi 4.525 USD\/ounce.<\/p>\n

T\u1edbi r\u1ea1ng s\u00e1ng 25\/12, gi\u00e1 v\u00e0ng ch\u1ed1t \u1edf m\u1ee9c kho\u1ea3ng 4.480 USD\/ounce khi th\u1ecb tr\u01b0\u1eddng b\u01b0\u1edbc v\u00e0o k\u1ef3 ngh\u1ec9 l\u1ec5 Noel. Trong phi\u00ean, c\u00f3 l\u00fac gi\u00e1 xu\u1ed1ng th\u1ea5p nh\u1ea5t 4.450 USD\/ounce.<\/p>\n

Trong n\u01b0\u1edbc, s\u00e1ng 25\/12, gi\u00e1 v\u00e0ng<\/a> mi\u1ebfng SJC v\u00e0 v\u00e0ng nh\u1eabn gi\u1ea3m nh\u1eb9 theo th\u1ebf gi\u1edbi sau khi d\u1ed3n d\u1eadp l\u1eadp c\u00e1c \u0111\u1ec9nh cao m\u1edbi trong c\u00e1c phi\u00ean tr\u01b0\u1edbc \u0111\u00f3.<\/p>\n

C\u1ee5 th\u1ec3, t\u1edbi 9h15, gi\u00e1 v\u00e0ng mi\u1ebfng 9999 t\u1ea1i SJC \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft \u1edf m\u1ee9c 156,8-158,8 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng (mua v\u00e0o – b\u00e1n ra), gi\u1ea3m 400.000 \u0111\u1ed3ng\/l\u01b0\u1ee3ng \u1edf c\u1ea3 hai chi\u1ec1u so v\u1edbi phi\u00ean li\u1ec1n tr\u01b0\u1edbc. V\u00e0ng nh\u1eabn SJC\u00a0kh\u00f4ng \u0111\u1ed5i, \u1edf m\u1ee9c 152,6-155,6 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng (mua – b\u00e1n).<\/p>\n

T\u1ef7 gi\u00e1 USD\/VND tr\u00ean th\u1ecb tr\u01b0\u1eddng t\u1ef1 do quay \u0111\u1ea7u t\u0103ng 10 \u0111\u1ed3ng, l\u00ean 26.870 \u0111\u1ed3ng\/USD (gi\u00e1 b\u00e1n).<\/p>\n

\"giavangMinhHien53<\/picture>
Gi\u00e1 v\u00e0ng h\u1ea1 nhi\u1ec7t sau khi l\u00ean \u0111\u1ec9nh k\u1ef7 l\u1ee5c. \u1ea2nh: HH<\/em><\/figcaption><\/figure>\n

S\u1ef1 \u0111i\u1ec1u ch\u1ec9nh c\u1ee7a gi\u00e1 v\u00e0ng th\u1ebf gi\u1edbi ch\u1ee7 y\u1ebfu xu\u1ea5t ph\u00e1t t\u1eeb \u00e1p l\u1ef1c ch\u1ed1t l\u1eddi c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 tr\u01b0\u1edbc k\u1ef3 ngh\u1ec9 l\u1ec5, k\u1ebft h\u1ee3p v\u1edbi \u0111\u1ed3ng USD \u1ed5n \u0111\u1ecbnh tr\u1edf l\u1ea1i sau v\u00e0i phi\u00ean gi\u1ea3m. Ch\u1ec9 s\u1ed1 DXY t\u0103ng nh\u1eb9 l\u00ean g\u1ea7n 98 \u0111i\u1ec3m, nh\u1edd d\u1eef li\u1ec7u lao \u0111\u1ed9ng M\u1ef9 t\u00edch c\u1ef1c. T\u1ed1i 24\/12, B\u1ed9 Lao \u0111\u1ed9ng M\u1ef9 c\u00f4ng b\u1ed1 s\u1ed1 \u0111\u01a1n xin tr\u1ee3 c\u1ea5p th\u1ea5t nghi\u1ec7p l\u1ea7n \u0111\u1ea7u trong tu\u1ea7n k\u1ebft th\u00fac ng\u00e0y 20\/12 gi\u1ea3m xu\u1ed1ng c\u00f2n 214.000 \u0111\u01a1n, th\u1ea5p h\u01a1n con s\u1ed1 d\u1ef1 b\u00e1o l\u00e0 223.000 \u0111\u01a1n. Ch\u1ec9 s\u1ed1 trung b\u00ecnh \u0111\u1ed9ng 4 tu\u1ea7n \u0111\u1ea1t 216.750, c\u0169ng th\u1ea5p h\u01a1n k\u1ef3 v\u1ecdng.<\/p>\n

Tr\u01b0\u1edbc \u0111\u00f3, nhu c\u1ea7u tr\u00fa \u1ea9n an to\u00e0n v\u00e0 t\u00edn hi\u1ec7u k\u1ef9 thu\u1eadt m\u1ea1nh m\u1ebd \u0111\u00e3 \u0111\u1ea9y gi\u00e1 v\u00e0ng giao ngay l\u00ean m\u1ee9c k\u1ef7 l\u1ee5c m\u1ecdi th\u1eddi \u0111\u1ea1i. \u0110\u00e0 t\u0103ng m\u1ea1nh c\u0169ng k\u00edch ho\u1ea1t t\u00e2m l\u00fd FOMO c\u1ee7a m\u1ed9t b\u1ed9 ph\u1eadn nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1ecf l\u1ebb. Tuy nhi\u00ean, nh\u1eefng v\u1ecb th\u1ebf mua mu\u1ed9n c\u00f3 th\u1ec3 g\u1eb7p r\u1ee7i ro l\u1edbn n\u1ebfu th\u1ecb tr\u01b0\u1eddng \u0111\u1ea3o chi\u1ec1u.<\/p>\n

M\u1ed9t kim lo\u1ea1i kh\u00e1c c\u0169ng t\u0103ng m\u1ea1nh l\u00e0 b\u1ea1ch kim, v\u1ecdt l\u00ean \u0111\u1ec9nh cao tr\u00ean 2.300 USD\/ounce (\u0111\u1ec9nh kho\u1ea3ng 2.378 USD\/ounce), t\u0103ng h\u01a1n 150% trong n\u0103m nh\u1edd ngu\u1ed3n cung khan hi\u1ebfm, \u0111\u1eb7c bi\u1ec7t t\u1eeb Nam Phi – nh\u00e0 s\u1ea3n xu\u1ea5t l\u1edbn nh\u1ea5t th\u1ebf gi\u1edbi \u0111ang g\u1eb7p gi\u00e1n \u0111o\u1ea1n.<\/p>\n

N\u00e2ng tri\u1ec3n v\u1ecdng th\u1ecb tr\u01b0\u1eddng v\u00e0ng n\u0103m 2026<\/strong><\/p>\n

N\u0103m 2025 ch\u1ee9ng ki\u1ebfn gi\u00e1 v\u00e0ng t\u0103ng kho\u1ea3ng 70%, b\u1ea1c t\u0103ng tr\u00ean 130%, v\u00e0 b\u1ea1ch kim t\u0103ng m\u1ea1nh nh\u1ea5t. \u0110\u00e2y l\u00e0 n\u0103m b\u00f9ng n\u1ed5 c\u1ee7a kim lo\u1ea1i qu\u00fd nh\u1edd l\u1ea1m ph\u00e1t dai d\u1eb3ng, n\u1ee3 c\u00f4ng to\u00e0n c\u1ea7u ph\u00ecnh to v\u00e0 xu h\u01b0\u1edbng phi \u0111\u00f4 la h\u00f3a.<\/p>\n

T\u1eeb \u0111\u1ea1i d\u1ecbch Covid-19 \u0111\u1ebfn nay, c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng b\u01a1m ra l\u01b0\u1ee3ng ti\u1ec1n kh\u1ed5ng l\u1ed3 \u0111\u1ec3 k\u00edch th\u00edch kinh t\u1ebf, d\u1eabn \u0111\u1ebfn n\u1ee3 c\u00f4ng t\u0103ng cao v\u00e0 ni\u1ec1m tin v\u00e0o ti\u1ec1n ph\u00e1p \u0111\u1ecbnh suy gi\u1ea3m. C\u00e1c qu\u1ed1c gia nh\u01b0 Nga, Trung Qu\u1ed1c t\u0103ng mua v\u00e0ng \u0111\u1ec3 gi\u1ea3m ph\u1ee5 thu\u1ed9c USD, \u0111\u1eb7c bi\u1ec7t trong b\u1ed1i c\u1ea3nh c\u0103ng th\u1eb3ng \u0111\u1ecba ch\u00ednh tr\u1ecb (M\u1ef9 – Venezuela, Ukraine – Nga). \u0110\u00e2y \u0111\u01b0\u1ee3c xem l\u00e0 c\u00e1c bi\u1ec3u hi\u1ec7n c\u1ee7a xu h\u01b0\u1edbng \u201cphi \u0111\u00f4 la h\u00f3a \u0111\u1ecba ch\u00ednh tr\u1ecb\u201d v\u00e0 \u201cphi \u0111\u00f4 la h\u00f3a ph\u00f2ng h\u1ed9\u201d.<\/p>\n

S\u1ed1 li\u1ec7u kinh t\u1ebf M\u1ef9 hi\u1ec7n ch\u01b0a r\u00f5 r\u00e0ng, khi\u1ebfn nhu c\u1ea7u \u0111\u1ea7u t\u01b0 v\u00e0o v\u00e0ng v\u1eabn c\u00f2n kh\u00e1 m\u1ea1nh. C\u1ee5 th\u1ec3, GDP qu\u00fd III c\u1ee7a M\u1ef9 t\u0103ng 4,3% (cao h\u01a1n d\u1ef1 b\u00e1o), nh\u01b0ng t\u00e2m l\u00fd ti\u00eau d\u00f9ng gi\u1ea3m, v\u00e0 k\u1ef3 v\u1ecdng C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (Fed) ti\u1ebfp t\u1ee5c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t n\u0103m 2026. L\u00e3i su\u1ea5t th\u1ea5p gi\u1ea3m chi ph\u00ed c\u01a1 h\u1ed9i n\u1eafm gi\u1eef v\u00e0ng.<\/p>\n

Theo ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt \u0111\u01b0\u1ee3c chuy\u00ean gia tr\u00ean Kitco \u0111\u01b0a ra, m\u1ee5c ti\u00eau t\u0103ng c\u1ee7a v\u00e0ng giao sau (giao th\u00e1ng 2) l\u00e0 v\u01b0\u1ee3t 4.600 USD\/ounce (kh\u00e1ng c\u1ef1 m\u1ea1nh), v\u1edbi kh\u00e1ng c\u1ef1 \u0111\u1ea7u ti\u00ean \u1edf 4.555-4.575 USD\/ounce. M\u1ee9c h\u1ed7 tr\u1ee3 \u1edf 4.300 USD\/ounce. V\u1edbi b\u1ea1c, m\u1ee5c ti\u00eau t\u0103ng 75 USD\/ounce, gi\u1ea3m v\u1ec1 d\u01b0\u1edbi 65 USD\/ounce (gi\u00e1 b\u1ea1c hi\u1ec7n kho\u1ea3ng 71-72 USD\/ounce).<\/p>\n

Ng\u00e2n h\u00e0ng BMO Capital Markets v\u1eeba \u0111\u01b0a ra d\u1ef1 b\u00e1o l\u1ea1c quan cho th\u1ecb tr\u01b0\u1eddng v\u00e0ng trong n\u0103m 2026. Theo \u0111\u00f3, gi\u00e1 v\u00e0ng l\u1eadp \u0111\u1ec9nh trong n\u1eeda \u0111\u1ea7u n\u0103m \u1edf m\u1ee9c 4.600 USD\/ounce, trung b\u00ecnh n\u0103m \u0111\u1ea1t 4.550 USD\/ounce (t\u0103ng 3-5% so d\u1ef1 b\u00e1o c\u0169). Theo BMO Capital Markets, chu k\u1ef3 t\u0103ng gi\u00e1 v\u00e0ng ch\u01b0a k\u1ebft th\u00fac nh\u1edd l\u1ea1m ph\u00e1t, ho\u1ea1t \u0111\u1ed9ng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t, v\u00e0 xu h\u01b0\u1edbng phi \u0111\u00f4 la h\u00f3a.\u00a0<\/p>\n

V\u00e0ng \u0111\u01b0\u1ee3c d\u1ef1 b\u00e1o v\u1eabn s\u1ebd l\u00e0 \u201cng\u00f4i sao\u201d trong n\u0103m 2026, v\u01b0\u1ee3t tr\u1ed9i b\u1ea1c\/b\u1ea1ch kim nh\u1edd vai tr\u00f2 tr\u00fa \u1ea9n v\u00e0 \u0111a d\u1ea1ng h\u00f3a danh m\u1ee5c.<\/p>\n

D\u00f9 gi\u00e1 v\u00e0ng \u0111i\u1ec1u ch\u1ec9nh t\u1eeb \u0111\u1ec9nh, d\u01b0 \u0111\u1ecba gi\u1ea3m \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 l\u00e0 h\u1ea1n ch\u1ebf nh\u1edd b\u1ea5t \u1ed5n \u0111\u1ecba ch\u00ednh tr\u1ecb leo thang \u1edf nhi\u1ec1u khu v\u1ef1c tr\u00ean th\u1ebf gi\u1edbi v\u00e0 k\u1ef3 v\u1ecdng Fed c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t. Thanh kho\u1ea3n th\u1ea5p d\u1ecbp l\u1ec5 Noel khi\u1ebfn th\u1ecb tr\u01b0\u1eddng \u00edt bi\u1ebfn \u0111\u1ed9ng, ch\u1edd d\u1eef li\u1ec7u m\u1edbi.<\/p>\n

C\u00f3 th\u1ec3 th\u1ea5y, \u0111\u1ee3t gi\u1ea3m hi\u1ec7n t\u1ea1i \u0111\u01b0\u1ee3c nhi\u1ec1u chuy\u00ean gia xem l\u00e0 \u201ckho\u1ea3ng l\u1eb7ng\u201d \u0111\u1ec3 t\u00edch l\u0169y tr\u01b0\u1edbc \u0111\u00e0 t\u0103ng ti\u1ebfp theo. M\u1ee9c t\u0103ng trong n\u0103m t\u1edbi c\u00f3 th\u1ec3 kh\u00f4ng m\u1ea1nh nh\u01b0 2025, nh\u01b0ng d\u01b0 \u0111\u1ecba cho m\u1eb7t h\u00e0ng kim lo\u1ea1i qu\u00fd n\u00e0y c\u00f2n l\u1edbn. V\u00e0ng v\u1eabn l\u00e0 t\u00e0i s\u1ea3n tr\u00fa \u1ea9n h\u00e0ng \u0111\u1ea7u trong b\u1ed1i c\u1ea3nh kinh t\u1ebf b\u1ea5t \u0111\u1ecbnh. D\u00f9 v\u1eady, FOMO \u1edf \u0111\u1ec9nh cao lu\u00f4n ti\u1ec1m \u1ea9n nguy c\u01a1 thua l\u1ed7 l\u1edbn n\u1ebfu t\u00ecnh h\u00ecnh \u0111\u1ecba ch\u00ednh tr\u1ecb tr\u00ean th\u1ebf gi\u1edbi \u0111\u1ea3o chi\u1ec1u.<\/p>\n

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

Gi\u00e1 v\u00e0ng th\u1ebf gi\u1edbi l\u1eadp \u0111\u1ec9nh cao m\u1edbi, c\u00fa b\u1ee9t ph\u00e1 \u1ea5n t\u01b0\u1ee3ng ng\u00e0y cu\u1ed1i n\u0103m<\/a>Gi\u00e1 v\u00e0ng th\u1ebf gi\u1edbi t\u0103ng v\u1ecdt trong phi\u00ean giao d\u1ecbch s\u00e1ng 22\/12 v\u00e0 v\u01b0\u1ee3t qua \u0111\u1ec9nh cao l\u1ecbch s\u1eed ghi nh\u1eadn h\u1ed3i th\u00e1ng 10. C\u00fa b\u1ee9t ph\u00e1 v\u00e0o cu\u1ed1i n\u0103m khi\u1ebfn 2025 c\u00e0ng tr\u1edf th\u00e0nh m\u1ed9t n\u0103m \u0111\u1eb7c bi\u1ec7t \u0111\u1ed1i v\u1edbi m\u1eb7t h\u00e0ng kim lo\u1ea1i qu\u00fd n\u00e0y.<\/span><\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Th\u1ecb tr\u01b0\u1eddng v\u00e0ng h\u1ea1 nhi\u1ec7t Trong phi\u00ean giao d\u1ecbch \u0111\u00eam 24\/12 (gi\u1edd Vi\u1ec7t Nam), gi\u00e1 v\u00e0ng tr\u00ean th\u1ecb tr\u01b0\u1eddng M\u1ef9 […]<\/p>","protected":false},"author":5,"featured_media":57766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[219],"tags":[],"class_list":["post-57763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-vang"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/57763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=57763"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/57763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/57766"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=57763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=57763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=57763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}