{"id":82599,"date":"2026-05-27T09:41:26","date_gmt":"2026-05-27T02:41:26","guid":{"rendered":"https:\/\/hbbgroup.net\/gold-declines-to-near-4500-as-renewed-us%e2%80%91iran-tensions-fed-tightening-bets-weigh\/"},"modified":"2026-05-27T10:52:31","modified_gmt":"2026-05-27T03:52:31","slug":"gia-vang-giam-ve-gan-muc-4500-khi-cang-thang-my-iran-tai-bung-phat-cung-ky-vong-fed-tiep-tuc-that-chat-chinh-sach-gay-ap-luc-len-thi-truong","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/gia-vang-giam-ve-gan-muc-4500-khi-cang-thang-my-iran-tai-bung-phat-cung-ky-vong-fed-tiep-tuc-that-chat-chinh-sach-gay-ap-luc-len-thi-truong\/","title":{"rendered":"Gi\u00e1 v\u00e0ng gi\u1ea3m v\u1ec1 g\u1ea7n m\u1ee9c $4,500 khi c\u0103ng th\u1eb3ng M\u1ef9 – Iran t\u00e1i b\u00f9ng ph\u00e1t c\u00f9ng k\u1ef3 v\u1ecdng Fed ti\u1ebfp t\u1ee5c th\u1eaft ch\u1eb7t ch\u00ednh s\u00e1ch g\u00e2y \u00e1p l\u1ef1c l\u00ean th\u1ecb tr\u01b0\u1eddng."},"content":{"rendered":"
\n

Gi\u00e1 v\u00e0ng (XAU\/USD) gi\u1ea3m xu\u1ed1ng quanh m\u1ee9c $4,500 trong phi\u00ean ch\u00e2u \u00c1 s\u00e1ng th\u1ee9 T\u01b0. Kim lo\u1ea1i qu\u00fd n\u00e0y ti\u1ebfp t\u1ee5c suy y\u1ebfu khi c\u00e1c cu\u1ed9c kh\u00f4ng k\u00edch m\u1edbi c\u1ee7a M\u1ef9 nh\u1eb1m v\u00e0o Iran l\u00e0m gi\u1ea3m hy v\u1ecdng v\u1ec1 m\u1ed9t th\u1ecfa thu\u1eadn h\u00f2a b\u00ecnh v\u00e0 c\u1ee7ng c\u1ed1 lo ng\u1ea1i r\u1eb1ng l\u1ea1m ph\u00e1t dai d\u1eb3ng c\u00f3 th\u1ec3 khi\u1ebfn l\u00e3i su\u1ea5t duy tr\u00ec \u1edf m\u1ee9c cao l\u00e2u h\u01a1n.<\/p>\n

T\u00ecnh h\u00ecnh an ninh t\u1ea1i eo bi\u1ec3n Hormuz v\u1eabn ch\u01b0a r\u00f5 r\u00e0ng sau khi M\u1ef9 v\u00e0 Iran th\u1ef1c hi\u1ec7n c\u00e1c \u0111\u00f2n t\u1ea5n c\u00f4ng qua l\u1ea1i v\u00e0o th\u1ee9 Ba. B\u1ed9 T\u01b0 l\u1ec7nh Trung t\u00e2m M\u1ef9 c\u0169ng b\u00e1c b\u1ecf c\u00e1c b\u00e1o c\u00e1o cho r\u1eb1ng qu\u00e2n \u0111\u1ed9i M\u1ef9 \u0111ang h\u1ed7 tr\u1ee3 h\u1ed9 t\u1ed1ng t\u00e0u thuy\u1ec1n trong khu v\u1ef1c.<\/p>\n

C\u00e1c cu\u1ed9c \u0111\u1ee5ng \u0111\u1ed9 m\u1edbi di\u1ec5n ra ch\u1ec9 v\u00e0i gi\u1edd sau khi T\u1ed5ng th\u1ed1ng M\u1ef9 Donald Trump tuy\u00ean b\u1ed1 c\u00e1c cu\u1ed9c \u0111\u00e0m ph\u00e1n v\u1edbi Tehran nh\u1eb1m gia h\u1ea1n l\u1ec7nh ng\u1eebng b\u1eafn v\u00e0 m\u1edf l\u1ea1i tuy\u1ebfn \u0111\u01b0\u1eddng th\u1ee7y quan tr\u1ecdng n\u00e0y v\u1eabn \u0111ang \u0111\u01b0\u1ee3c ti\u1ebfn h\u00e0nh.<\/p>\n

Ryan McKay, chi\u1ebfn l\u01b0\u1ee3c gia h\u00e0ng h\u00f3a c\u1ea5p cao t\u1ea1i TD Securities, cho bi\u1ebft:<\/p>\n

\u201cD\u00f9 hy v\u1ecdng v\u1ec1 m\u1ed9t th\u1ecfa thu\u1eadn M\u1ef9 – Iran \u0111\u00e3 mang l\u1ea1i m\u1ed9t ph\u1ea7n h\u1ed7 tr\u1ee3, t\u00ecnh h\u00ecnh v\u1eabn mong manh v\u00e0 k\u00e9o d\u00e0i, trong khi n\u1ed7i lo l\u1ea1m ph\u00e1t ti\u1ebfp t\u1ee5c ph\u1ee7 b\u00f3ng l\u00ean th\u1ecb tr\u01b0\u1eddng kim lo\u1ea1i qu\u00fd.\u201d<\/p>\n

Kevin Warsh \u0111\u00e3 tuy\u00ean th\u1ec7 nh\u1eadm ch\u1ee9c Ch\u1ee7 t\u1ecbch C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (Fed) v\u00e0o th\u1ee9 S\u00e1u. \u00d4ng ti\u1ebfp qu\u1ea3n v\u1ecb tr\u00ed l\u00e3nh \u0111\u1ea1o ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng M\u1ef9 trong b\u1ed1i c\u1ea3nh k\u1ef3 v\u1ecdng v\u1ec1 vi\u1ec7c th\u1eaft ch\u1eb7t ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 to\u00e0n c\u1ea7u ng\u00e0y c\u00e0ng gia t\u0103ng. C\u1ea7n l\u01b0u \u00fd r\u1eb1ng v\u00e0ng th\u01b0\u1eddng \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng nh\u01b0 t\u00e0i s\u1ea3n tr\u00fa \u1ea9n trong th\u1eddi k\u1ef3 b\u1ea5t \u1ed5n \u0111\u1ecba ch\u00ednh tr\u1ecb, nh\u01b0ng l\u1ea1i kh\u00f4ng mang l\u1ea1i l\u1ee3i su\u1ea5t, khi\u1ebfn n\u00f3 k\u00e9m h\u1ea5p d\u1eabn h\u01a1n khi l\u00e3i su\u1ea5t \u1edf m\u1ee9c cao.<\/p>\n

Theo c\u00f4ng c\u1ee5 CME FedWatch, c\u00e1c nh\u00e0 giao d\u1ecbch hi\u1ec7n \u0111ang \u0111\u1ecbnh gi\u00e1 kho\u1ea3ng 39.0% kh\u1ea3 n\u0103ng Fed s\u1ebd t\u0103ng l\u00e3i su\u1ea5t th\u00eam 25 \u0111i\u1ec3m c\u01a1 b\u1ea3n (bps) tr\u01b0\u1edbc cu\u1ed1i n\u0103m.<\/p>\n

C\u00e1c c\u00e2u h\u1ecfi th\u01b0\u1eddng g\u1eb7p v\u1ec1 v\u00e0ng<\/strong><\/h3>\n

V\u00e0ng \u0111\u00f3ng vai tr\u00f2 quan tr\u1ecdng trong l\u1ecbch s\u1eed nh\u00e2n lo\u1ea1i v\u00ec \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng r\u1ed9ng r\u00e3i nh\u01b0 m\u1ed9t c\u00f4ng c\u1ee5 l\u01b0u tr\u1eef gi\u00e1 tr\u1ecb v\u00e0 ph\u01b0\u01a1ng ti\u1ec7n trao \u0111\u1ed5i. Hi\u1ec7n nay, ngo\u00e0i v\u1ebb \u0111\u1eb9p v\u00e0 \u1ee9ng d\u1ee5ng trong trang s\u1ee9c, kim lo\u1ea1i qu\u00fd n\u00e0y c\u00f2n \u0111\u01b0\u1ee3c xem l\u00e0 t\u00e0i s\u1ea3n tr\u00fa \u1ea9n an to\u00e0n, ngh\u0129a l\u00e0 \u0111\u01b0\u1ee3c coi l\u00e0 kho\u1ea3n \u0111\u1ea7u t\u01b0 t\u1ed1t trong th\u1eddi k\u1ef3 b\u1ea5t \u1ed5n. V\u00e0ng c\u0169ng \u0111\u01b0\u1ee3c xem l\u00e0 c\u00f4ng c\u1ee5 ph\u00f2ng h\u1ed9 ch\u1ed1ng l\u1ea1m ph\u00e1t v\u00e0 ch\u1ed1ng m\u1ea5t gi\u00e1 ti\u1ec1n t\u1ec7 v\u00ec n\u00f3 kh\u00f4ng ph\u1ee5 thu\u1ed9c v\u00e0o b\u1ea5t k\u1ef3 t\u1ed5 ch\u1ee9c ph\u00e1t h\u00e0nh hay ch\u00ednh ph\u1ee7 c\u1ee5 th\u1ec3 n\u00e0o.<\/p>\n

C\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng l\u00e0 nh\u1eefng t\u1ed5 ch\u1ee9c n\u1eafm gi\u1eef v\u00e0ng l\u1edbn nh\u1ea5t. Trong m\u1ee5c ti\u00eau h\u1ed7 tr\u1ee3 \u0111\u1ed3ng n\u1ed9i t\u1ec7 trong th\u1eddi k\u1ef3 bi\u1ebfn \u0111\u1ed9ng, c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng th\u01b0\u1eddng \u0111a d\u1ea1ng h\u00f3a d\u1ef1 tr\u1eef v\u00e0 mua v\u00e0ng \u0111\u1ec3 c\u1ea3i thi\u1ec7n s\u1ee9c m\u1ea1nh \u0111\u01b0\u1ee3c c\u1ea3m nh\u1eadn c\u1ee7a n\u1ec1n kinh t\u1ebf v\u00e0 \u0111\u1ed3ng ti\u1ec1n. D\u1ef1 tr\u1eef v\u00e0ng cao c\u00f3 th\u1ec3 t\u1ea1o ni\u1ec1m tin v\u00e0o kh\u1ea3 n\u0103ng thanh to\u00e1n c\u1ee7a m\u1ed9t qu\u1ed1c gia. Theo H\u1ed9i \u0111\u1ed3ng V\u00e0ng Th\u1ebf gi\u1edbi, c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng \u0111\u00e3 b\u1ed5 sung 1,136 t\u1ea5n v\u00e0ng tr\u1ecb gi\u00e1 kho\u1ea3ng 70 t\u1ef7 USD v\u00e0o d\u1ef1 tr\u1eef trong n\u0103m 2022 \u2014 m\u1ee9c mua cao nh\u1ea5t t\u1eebng \u0111\u01b0\u1ee3c ghi nh\u1eadn. C\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng t\u1eeb c\u00e1c n\u1ec1n kinh t\u1ebf m\u1edbi n\u1ed5i nh\u01b0 Trung Qu\u1ed1c, \u1ea4n \u0110\u1ed9 v\u00e0 Th\u1ed5 Nh\u0129 K\u1ef3 \u0111ang nhanh ch\u00f3ng gia t\u0103ng d\u1ef1 tr\u1eef v\u00e0ng.<\/p>\n

V\u00e0ng c\u00f3 m\u1ed1i t\u01b0\u01a1ng quan ngh\u1ecbch v\u1edbi \u0111\u1ed3ng USD v\u00e0 tr\u00e1i phi\u1ebfu kho b\u1ea1c M\u1ef9 \u2014 hai t\u00e0i s\u1ea3n d\u1ef1 tr\u1eef v\u00e0 tr\u00fa \u1ea9n an to\u00e0n l\u1edbn tr\u00ean th\u1ebf gi\u1edbi. Khi USD suy y\u1ebfu, v\u00e0ng th\u01b0\u1eddng t\u0103ng gi\u00e1, gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0 ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng \u0111a d\u1ea1ng h\u00f3a t\u00e0i s\u1ea3n trong th\u1eddi k\u1ef3 bi\u1ebfn \u0111\u1ed9ng. V\u00e0ng c\u0169ng c\u00f3 t\u01b0\u01a1ng quan ngh\u1ecbch v\u1edbi c\u00e1c t\u00e0i s\u1ea3n r\u1ee7i ro. Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n t\u0103ng m\u1ea1nh th\u01b0\u1eddng g\u00e2y \u00e1p l\u1ef1c gi\u1ea3m l\u00ean v\u00e0ng, trong khi c\u00e1c \u0111\u1ee3t b\u00e1n th\u00e1o \u1edf th\u1ecb tr\u01b0\u1eddng r\u1ee7i ro l\u1ea1i c\u00f3 xu h\u01b0\u1edbng h\u1ed7 tr\u1ee3 kim lo\u1ea1i qu\u00fd n\u00e0y.<\/p>\n

Gi\u00e1 v\u00e0ng c\u00f3 th\u1ec3 bi\u1ebfn \u0111\u1ed9ng do nhi\u1ec1u y\u1ebfu t\u1ed1 kh\u00e1c nhau. B\u1ea5t \u1ed5n \u0111\u1ecba ch\u00ednh tr\u1ecb ho\u1eb7c lo ng\u1ea1i suy tho\u00e1i kinh t\u1ebf s\u00e2u c\u00f3 th\u1ec3 nhanh ch\u00f3ng khi\u1ebfn gi\u00e1 v\u00e0ng t\u0103ng m\u1ea1nh nh\u1edd vai tr\u00f2 tr\u00fa \u1ea9n an to\u00e0n. L\u00e0 t\u00e0i s\u1ea3n kh\u00f4ng sinh l\u00e3i, v\u00e0ng th\u01b0\u1eddng t\u0103ng khi l\u00e3i su\u1ea5t th\u1ea5p, trong khi chi ph\u00ed v\u1ed1n cao th\u01b0\u1eddng g\u00e2y \u00e1p l\u1ef1c l\u00ean kim lo\u1ea1i qu\u00fd. Tuy nhi\u00ean, ph\u1ea7n l\u1edbn bi\u1ebfn \u0111\u1ed9ng v\u1eabn ph\u1ee5 thu\u1ed9c v\u00e0o di\u1ec5n bi\u1ebfn c\u1ee7a \u0111\u1ed3ng USD v\u00ec v\u00e0ng \u0111\u01b0\u1ee3c \u0111\u1ecbnh gi\u00e1 b\u1eb1ng USD (XAU\/USD). \u0110\u1ed3ng USD m\u1ea1nh th\u01b0\u1eddng gi\u00fap ki\u1ec3m so\u00e1t gi\u00e1 v\u00e0ng, trong khi USD y\u1ebfu c\u00f3 xu h\u01b0\u1edbng \u0111\u1ea9y gi\u00e1 v\u00e0ng t\u0103ng cao.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Gi\u00e1 v\u00e0ng (XAU\/USD) gi\u1ea3m xu\u1ed1ng quanh m\u1ee9c $4,500 trong phi\u00ean ch\u00e2u \u00c1 s\u00e1ng th\u1ee9 T\u01b0. Kim lo\u1ea1i qu\u00fd n\u00e0y ti\u1ebfp […]<\/p>","protected":false},"author":5,"featured_media":82601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[222],"tags":[],"class_list":["post-82599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ngoai-hoi"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/82599","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=82599"}],"version-history":[{"count":1,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/82599\/revisions"}],"predecessor-version":[{"id":82776,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/82599\/revisions\/82776"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/82601"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=82599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=82599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=82599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}