{"id":69705,"date":"2026-04-09T09:06:03","date_gmt":"2026-04-09T02:06:03","guid":{"rendered":"https:\/\/hbbgroup.net\/gia-vang-bien-dong-kho-luong-du-bao-moc-cuoi-nam-2026\/"},"modified":"2026-04-09T09:21:19","modified_gmt":"2026-04-09T02:21:19","slug":"gia-vang-bien-dong-kho-luong-du-bao-moc-cuoi-nam-2026","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/gia-vang-bien-dong-kho-luong-du-bao-moc-cuoi-nam-2026\/","title":{"rendered":"Gi\u00e1 v\u00e0ng bi\u1ebfn \u0111\u1ed9ng kh\u00f3 l\u01b0\u1eddng, d\u1ef1 b\u00e1o m\u1ed1c cu\u1ed1i n\u0103m 2026"},"content":{"rendered":"
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M\u1edbi \u0111\u00e2y, ng\u00e2n h\u00e0ng \u0111\u1ea7u t\u01b0 \u0111a qu\u1ed1c gia c\u1ee7a M\u1ef9 Goldman Sachs cho bi\u1ebft, \u0111\u1ebfn cu\u1ed1i n\u0103m 2026, gi\u00e1 v\u00e0ng c\u00f3 th\u1ec3 v\u01b0\u1ee3t m\u1ed1c 5.400 USD\/ounce. \u0110\u00e2y l\u00e0 th\u00f4ng tin \u0111\u00e1ng ch\u00fa \u00fd v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n kim lo\u1ea1i qu\u00fd n\u00e0y.<\/p>\n

L\u00fd do v\u00e0ng s\u1ebd t\u0103ng gi\u00e1 m\u1ea1nh<\/strong><\/p>\n

Theo b\u00e1o c\u00e1o c\u1ee7a Goldman Sachs, v\u00e0ng \u0111ang trong tr\u1ea1ng th\u00e1i \u201cb\u00e1n qu\u00e1 m\u1ee9c\u201d do c\u00e1c v\u1ecb th\u1ebf \u0111\u1ea7u c\u01a1 th\u1ea5p v\u00e0 th\u1ecb tr\u01b0\u1eddng ph\u1ea3n \u00e1nh c\u00e1c ch\u00ednh s\u00e1ch kinh t\u1ebf th\u1eaft ch\u1eb7t h\u01a1n so v\u1edbi th\u1ef1c t\u1ebf.<\/p>\n

C\u00e1c chuy\u00ean gia cho r\u1eb1ng c\u00f3 nhi\u1ec1u y\u1ebfu t\u1ed1 s\u1ebd h\u1ed7 tr\u1ee3 gi\u00e1 v\u00e0ng<\/a> \u0111i l\u00ean trong th\u1eddi gian t\u1edbi. \u0110\u1ea7u ti\u00ean l\u00e0 c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng to\u00e0n c\u1ea7u li\u00ean t\u1ee5c mua v\u00e0ng, v\u1edbi kho\u1ea3ng 60 t\u1ea5n v\u00e0ng m\u1ed7i th\u00e1ng.<\/p>\n

Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Trung Qu\u1ed1c v\u1eabn ti\u1ebfp t\u1ee5c t\u0103ng d\u1ef1 tr\u1eef v\u00e0ng li\u00ean t\u1ee5c trong 11 th\u00e1ng g\u1ea7n \u0111\u00e2y, trong khi 95% c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng kh\u00e1c d\u1ef1 ki\u1ebfn t\u0103ng tr\u1eef l\u01b0\u1ee3ng v\u00e0ng trong 12 th\u00e1ng t\u1edbi. \u0110\u00e2y l\u00e0 l\u1ef1c \u0111\u1ee1 l\u00e2u d\u00e0i, gi\u00fap v\u00e0ng duy tr\u00ec gi\u00e1 tr\u1ecb v\u00e0 \u1ed5n \u0111\u1ecbnh tr\u00ean th\u1ecb tr\u01b0\u1eddng qu\u1ed1c t\u1ebf.<\/p>\n

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Goldman Sachs d\u1ef1 b\u00e1o gi\u00e1 v\u00e0ng c\u00f3 th\u1ec3 \u0111\u1ea1t 5.400 USD\/ounce cu\u1ed1i n\u0103m 2026 nh\u1edd nhu c\u1ea7u t\u1eeb c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng v\u00e0 ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t n\u1edbi l\u1ecfng. \u1ea2nh: Nguy\u1ec5n Hu\u1ebf<\/figcaption><\/figure>\n

Ngo\u00e0i ra, c\u00e1c nh\u00e0 kinh t\u1ebf c\u1ee7a Goldman Sachs d\u1ef1 b\u00e1o C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (Fed) s\u1ebd gi\u1ea3m l\u00e3i su\u1ea5t hai l\u1ea7n trong n\u0103m 2026, d\u1ef1 ki\u1ebfn s\u1ebd t\u1ea1o l\u1ef1c \u0111\u1ea9y gi\u00fap gi\u00e1 v\u00e0ng t\u0103ng kho\u1ea3ng 120 USD m\u1ed7i ounce.<\/p>\n

\u0110\u1ed3ng th\u1eddi, c\u00e1c xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb nh\u01b0 c\u0103ng th\u1eb3ng Trung \u0110\u00f4ng hay chi\u1ebfn s\u1ef1 Nga – Ukraine, c\u00f9ng c\u00e1c m\u00e2u thu\u1eabn th\u01b0\u01a1ng m\u1ea1i to\u00e0n c\u1ea7u, khi\u1ebfn nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1eabn t\u00ecm \u0111\u1ebfn v\u00e0ng nh\u01b0 k\u00eanh tr\u00fa \u1ea9n an to\u00e0n, th\u00fac \u0111\u1ea9y nhu c\u1ea7u \u0111\u1ed1i v\u1edbi v\u00e0ng.<\/p>\n

Lo ng\u1ea1i v\u1ec1 n\u1ee3 c\u00f4ng M\u1ef9, r\u1ee7i ro t\u00edn d\u1ee5ng v\u00e0 kh\u1ea3 n\u0103ng m\u1ea5t gi\u00e1 \u0111\u1ed3ng USD \u0111ang t\u1ea1o th\u00eam \u0111\u1ed9ng l\u1ef1c t\u0103ng gi\u00e1 v\u00e0ng. Khi ni\u1ec1m tin v\u00e0o c\u00e1c t\u00e0i s\u1ea3n truy\u1ec1n th\u1ed1ng gi\u1ea3m, v\u00e0ng ti\u1ebfp t\u1ee5c tr\u1edf th\u00e0nh l\u1ef1a ch\u1ecdn h\u1ea5p d\u1eabn \u0111\u1ec3 b\u1ea3o to\u00e0n gi\u00e1 tr\u1ecb.<\/p>\n

Nh\u1eefng y\u1ebfu t\u1ed1 n\u00e0y khi\u1ebfn c\u00e1c chuy\u00ean gia d\u1ef1 \u0111o\u00e1n gi\u00e1 v\u00e0ng c\u00f3 th\u1ec3 kh\u00f4ng ch\u1ec9 d\u1eebng l\u1ea1i \u1edf m\u1ed1c 5.400 USD\/ounce. M\u1ed9t s\u1ed1 k\u1ecbch b\u1ea3n \u0111\u01b0a con s\u1ed1 l\u00ean 6.000-6.300 USD\/ounce v\u00e0 c\u00f3 chuy\u00ean gia nh\u1eadn \u0111\u1ecbnh v\u00e0ng c\u00f3 th\u1ec3 t\u0103ng g\u1ea5p \u0111\u00f4i, ch\u1ea1m 8.000 USD\/ounce trong nh\u1eefng n\u0103m t\u1edbi.<\/p>\n

C\u01a1 h\u1ed9i v\u00e0 r\u1ee7i ro cho nh\u00e0 \u0111\u1ea7u t\u01b0<\/strong><\/p>\n

Tuy nhi\u00ean, th\u1ecb tr\u01b0\u1eddng v\u00e0ng kh\u00f4ng ph\u1ea3i l\u00fac n\u00e0o c\u0169ng \u201cng\u1ecdt ng\u00e0o\u201d. Gi\u00e1 v\u00e0ng trong ng\u1eafn h\u1ea1n v\u1eabn c\u00f3 th\u1ec3 ch\u1ecbu \u00e1p l\u1ef1c gi\u1ea3m.<\/p>\n

Goldman Sachs c\u1ea3nh b\u00e1o, n\u1ebfu c\u00fa s\u1ed1c n\u0103ng l\u01b0\u1ee3ng ho\u1eb7c bi\u1ebfn \u0111\u1ed9ng \u0111\u1ecba ch\u00ednh tr\u1ecb gia t\u0103ng, v\u00e0ng c\u00f3 th\u1ec3 xu\u1ed1ng kho\u1ea3ng 3.800 USD\/ounce. Nh\u01b0ng n\u1ebfu xung \u0111\u1ed9t \u1edf Trung \u0110\u00f4ng hay c\u00e1c b\u1ea5t \u1ed5n \u0111\u1ecba ch\u00ednh tr\u1ecb kh\u00e1c th\u00fac \u0111\u1ea9y nh\u00e0 \u0111\u1ea7u t\u01b0 r\u00fat kh\u1ecfi c\u00e1c t\u00e0i s\u1ea3n truy\u1ec1n th\u1ed1ng, gi\u00e1 v\u00e0ng s\u1ebd c\u00f3 d\u01b0 \u0111\u1ecba t\u0103ng r\u1ea5t l\u1edbn.<\/p>\n

\"\"<\/p>\n

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Nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111ang c\u00e2n nh\u1eafc c\u00e1c h\u00ecnh th\u1ee9c v\u00e0ng v\u1eadt ch\u1ea5t, v\u00e0ng t\u00edch l\u0169y v\u00e0 ETF v\u00e0ng \u0111\u1ec3 t\u1eadn d\u1ee5ng c\u01a1 h\u1ed9i t\u0103ng gi\u00e1 trong th\u1eddi gian t\u1edbi. \u1ea2nh: Baidu<\/figcaption><\/figure>\n

C\u00f9ng v\u1edbi \u0111\u00f3, Ng\u00e2n h\u00e0ng l\u1edbn nh\u1ea5t Th\u1ee5y S\u0129 UBS c\u0169ng \u0111\u01b0a ra \u0111\u00e1nh gi\u00e1 t\u00edch c\u1ef1c. Chi\u1ebfn l\u01b0\u1ee3c gia Jonny Tavis nh\u1eadn \u0111\u1ecbnh, c\u01a1 h\u1ed9i t\u0103ng gi\u00e1 v\u00e0ng \u0111ang gia t\u0103ng, trong khi nh\u1eefng \u0111\u1ee3t \u0111i\u1ec1u ch\u1ec9nh ng\u1eafn h\u1ea1n l\u00e0 c\u01a1 h\u1ed9i t\u1ed1t \u0111\u1ec3 nh\u00e0 \u0111\u1ea7u t\u01b0 x\u00e2y d\u1ef1ng v\u1ecb th\u1ebf m\u1edbi.<\/p>\n

Theo UBS, c\u00e1c qu\u1ef9 v\u00e0ng ETF t\u1ea1i Trung Qu\u1ed1c v\u1eabn ghi nh\u1eadn d\u00f2ng ti\u1ec1n v\u00e0o r\u00f2ng, nhu c\u1ea7u v\u00e0ng v\u1eadt ch\u1ea5t trong n\u01b0\u1edbc \u1ed5n \u0111\u1ecbnh, d\u1ef1 ki\u1ebfn gi\u00e1 v\u00e0ng trong qu\u00fd II 2026 s\u1ebd ti\u1ebfp t\u1ee5c m\u1ea1nh.<\/p>\n

UBS nh\u1ea5n m\u1ea1nh, th\u1ecb tr\u01b0\u1eddng v\u00e0ng \u0111ang thay \u0111\u1ed5i c\u01a1 c\u1ea5u: ng\u00e0y c\u00e0ng nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n v\u00e0 t\u1ed5 ch\u1ee9c coi v\u00e0ng l\u00e0 t\u00e0i s\u1ea3n chi\u1ebfn l\u01b0\u1ee3c d\u00e0i h\u1ea1n, gi\u00fap \u0111a d\u1ea1ng h\u00f3a danh m\u1ee5c v\u00e0 b\u1ea3o to\u00e0n gi\u00e1 tr\u1ecb.<\/p>\n

\u0110\u00e2y c\u0169ng l\u00e0 l\u00fd do t\u1ea1i sao ngay c\u1ea3 khi c\u00f3 \u0111i\u1ec1u ch\u1ec9nh ng\u1eafn h\u1ea1n th\u00ec v\u00e0ng v\u1eabn gi\u1eef \u0111\u01b0\u1ee3c s\u1ee9c h\u00fat m\u1ea1nh m\u1ebd v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 to\u00e0n c\u1ea7u.<\/p>\n

Nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean ch\u1ecdn h\u00ecnh th\u1ee9c n\u00e0o?<\/strong><\/p>\n

Tr\u01b0\u1edbc tri\u1ec3n v\u1ecdng gi\u00e1 v\u00e0ng t\u0103ng m\u1ea1nh, c\u00e1c chuy\u00ean gia khuy\u1ebfn ngh\u1ecb nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n ch\u1ecdn \u0111\u00fang h\u00ecnh th\u1ee9c \u0111\u1ea7u t\u01b0.<\/p>\n

V\u00e0ng v\u1eadt ch\u1ea5t l\u00e0 h\u00ecnh th\u1ee9c ph\u1ed5 bi\u1ebfn, bao g\u1ed3m v\u00e0ng mi\u1ebfng, th\u1ecfi, ph\u00f9 h\u1ee3p v\u1edbi nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 \u01b0a th\u00edch n\u1eafm gi\u1eef t\u00e0i s\u1ea3n th\u1ef1c v\u00e0 mu\u1ed1n \u0111\u1ea3m b\u1ea3o gi\u00e1 tr\u1ecb l\u00e2u d\u00e0i.<\/p>\n

V\u00e0ng t\u00edch l\u0169y l\u00e0 ph\u01b0\u01a1ng ph\u00e1p mua v\u00e0ng \u0111\u1ecbnh k\u1ef3, trung b\u00ecnh gi\u00e1 theo th\u1eddi gian. H\u00ecnh th\u1ee9c n\u00e0y gi\u00fap gi\u1ea3m r\u1ee7i ro bi\u1ebfn \u0111\u1ed9ng gi\u00e1 v\u00e0 ph\u00f9 h\u1ee3p v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n.<\/p>\n

ETF v\u00e0ng v\u00e0 c\u1ed5 phi\u1ebfu li\u00ean quan l\u00e0 l\u1ef1a ch\u1ecdn cho nh\u1eefng ng\u01b0\u1eddi mu\u1ed1n t\u1eadn d\u1ee5ng bi\u1ebfn \u0111\u1ed9ng gi\u00e1 v\u00e0ng m\u00e0 kh\u00f4ng tr\u1ef1c ti\u1ebfp n\u1eafm gi\u1eef v\u1eadt ch\u1ea5t. \u0110\u00e2y l\u00e0 gi\u1ea3i ph\u00e1p linh ho\u1ea1t, d\u1ec5 giao d\u1ecbch v\u00e0 c\u00f3 th\u1ec3 tham gia tr\u00ean c\u00e1c s\u00e0n ch\u1ee9ng kho\u00e1n.<\/p>\n

Nh\u00ecn chung, v\u00e0ng v\u1eabn l\u00e0 k\u00eanh tr\u00fa \u1ea9n an to\u00e0n h\u1ea5p d\u1eabn trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u c\u00f2n nhi\u1ec1u bi\u1ebfn \u0111\u1ed9ng. Tuy nhi\u00ean, c\u00e1c chuy\u00ean gia c\u1ea3nh b\u00e1o r\u1eb1ng \u0111\u1ea7u t\u01b0 v\u00e0ng v\u1eabn c\u00f3 r\u1ee7i ro v\u00e0 c\u1ea7n c\u00e2n nh\u1eafc k\u1ef9 l\u01b0\u1ee1ng, \u0111\u1eb7c bi\u1ec7t v\u1edbi nh\u1eefng ai tham gia ng\u1eafn h\u1ea1n ho\u1eb7c s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y t\u00e0i ch\u00ednh.<\/p>\n

D\u00f9 gi\u00e1 v\u00e0ng th\u1ebf gi\u1edbi \u0111ang c\u00f3 nh\u1eefng phi\u00ean gi\u1ea3m g\u1ea7n \u0111\u00e2y, tri\u1ec3n v\u1ecdng trung v\u00e0 d\u00e0i h\u1ea1n v\u1eabn r\u1ea5t kh\u1ea3 quan. C\u00e1c d\u1ef1 b\u00e1o t\u1eeb Goldman Sachs v\u00e0 UBS cho th\u1ea5y v\u00e0ng c\u00f3 th\u1ec3 l\u00e0 c\u1ee9u c\u00e1nh cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng minh. Nh\u1eefng ai bi\u1ebft n\u1eafm b\u1eaft c\u01a1 h\u1ed9i v\u00e0 chu\u1ea9n b\u1ecb s\u1eb5n chi\u1ebfn l\u01b0\u1ee3c s\u1ebd c\u00f3 kh\u1ea3 n\u0103ng thu \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn \u0111\u00e1ng k\u1ec3 trong n\u0103m 2026.<\/p>\n

Theo Sina Finance<\/em><\/p>\n

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M\u1edbi \u0111\u00e2y, ng\u00e2n h\u00e0ng \u0111\u1ea7u t\u01b0 \u0111a qu\u1ed1c gia c\u1ee7a M\u1ef9 Goldman Sachs cho bi\u1ebft, \u0111\u1ebfn cu\u1ed1i n\u0103m 2026, gi\u00e1 […]<\/p>","protected":false},"author":5,"featured_media":69706,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[219],"tags":[],"class_list":["post-69705","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\/69705","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=69705"}],"version-history":[{"count":1,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/69705\/revisions"}],"predecessor-version":[{"id":69873,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/69705\/revisions\/69873"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/69706"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=69705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=69705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=69705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}