{"id":10053,"date":"2026-06-25T17:36:58","date_gmt":"2026-06-25T09:36:58","guid":{"rendered":"https:\/\/www.ycnkyy.com\/?p=10053"},"modified":"2026-06-25T17:37:15","modified_gmt":"2026-06-25T09:37:15","slug":"%e7%be%8e%e5%85%83%e5%bc%ba%e5%8a%bf%e5%91%a8%e6%9c%9f%e4%b8%8b%e8%b4%b5%e9%87%91%e5%b1%9e%e7%a0%b4%e4%bd%8d%ef%bc%8c%e7%9f%ad%e7%a9%ba%e9%95%bf%e5%a4%9a%e9%80%bb%e8%be%91%e5%86%8d%e9%aa%8c%e8%af%81","status":"publish","type":"post","link":"https:\/\/www.ycnkyy.com\/vi\/luu-tru\/10053","title":{"rendered":"Kim lo\u1ea1i qu\u00fd b\u1ecb ph\u00e1 v\u1ee1 trong chu k\u1ef3 \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9 m\u1ea1nh m\u1ebd v\u00e0 logic ng\u1eafn h\u1ea1n v\u00e0 d\u00e0i h\u1ea1n \u0111\u01b0\u1ee3c x\u00e1c minh l\u1ea1i"},"content":{"rendered":"

Th\u1ecb tr\u01b0\u1eddng kim lo\u1ea1i qu\u00fd g\u1ea7n \u0111\u00e2y ti\u1ebfp t\u1ee5c ch\u1ecbu t\u1ed5n th\u1ea5t n\u1eb7ng n\u1ec1. V\u00e0ng giao ngay \u0111\u00e3 gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi m\u1ed1c quan tr\u1ecdng l\u00e0 4.000 USD\/ounce, thi\u1ebft l\u1eadp m\u1ee9c th\u1ea5p m\u1edbi trong n\u0103m. B\u1ea1c \u0111\u1ed3ng th\u1eddi gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi m\u1ee9c nguy\u00ean 60 USD\/ounce v\u00e0 m\u1ee9c \u0111i\u1ec1u ch\u1ec9nh l\u1edbn h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi v\u00e0ng. Nh\u00f3m nghi\u00ean c\u1ee9u v\u0129 m\u00f4 to\u00e0n c\u1ea7u v\u00e0 kim lo\u1ea1i qu\u00fd c\u1ee7a CD Markets d\u1ef1a v\u00e0o m\u00f4 h\u00ecnh gi\u00e1m s\u00e1t chu k\u1ef3 \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9 t\u1ef1 x\u00e2y d\u1ef1ng v\u00e0 h\u1ec7 th\u1ed1ng theo d\u00f5i t\u1ea7n s\u1ed1 cao d\u00f2ng v\u1ed1n kim lo\u1ea1i qu\u00fd, k\u1ebft h\u1ee3p v\u1edbi s\u1ef1 t\u0103ng gi\u00e1 g\u1ea7n \u0111\u00e2y c\u1ee7a ch\u1ec9 s\u1ed1 \u0111\u00f4 la M\u1ef9, c\u00e1c xu h\u01b0\u1edbng m\u1edbi nh\u1ea5t v\u1ec1 gi\u00e1 v\u00e0ng v\u00e0 b\u1ea1c, c\u0169ng nh\u01b0 nh\u1eefng \u0111i\u1ec1u ch\u1ec9nh chi\u1ebfn l\u01b0\u1ee3c c\u1ee7a c\u00e1c t\u1ed5 ch\u1ee9c ch\u00ednh th\u1ed1ng to\u00e0n c\u1ea7u, \u0111\u1ec3 ph\u00e2n t\u00edch s\u00e2u s\u1eafc c\u00e1c \u0111\u1ed9ng l\u1ef1c c\u1ed1t l\u00f5i d\u1eabn \u0111\u1ebfn s\u1ef1 suy gi\u1ea3m c\u1ee7a v\u00f2ng kim lo\u1ea1i qu\u00fd n\u00e0y, \u0111\u1ed3ng th\u1eddi th\u1ef1c hi\u1ec7n nghi\u00ean c\u1ee9u v\u00e0 \u0111\u00e1nh gi\u00e1 c\u00f3 h\u1ec7 th\u1ed1ng v\u1ec1 c\u00e1c xu h\u01b0\u1edbng ng\u1eafn h\u1ea1n, trung h\u1ea1n v\u00e0 d\u00e0i h\u1ea1n.<\/p>\n

D\u1eef li\u1ec7u th\u1ecb tr\u01b0\u1eddng do CD Markets theo d\u00f5i cho th\u1ea5y logic c\u1ed1t l\u00f5i c\u1ee7a \u0111\u1ee3t suy gi\u1ea3m n\u00e0y \u0111\u00e3 ho\u00e0n to\u00e0n chuy\u1ec3n t\u1eeb \u0111\u1ecbnh gi\u00e1 ph\u00f2ng ng\u1eeba r\u1ee7i ro \u0111\u1ecba l\u00fd tr\u01b0\u1edbc \u0111\u00e2y sang \u0111\u1ecbnh gi\u00e1 l\u00e3i su\u1ea5t v\u00e0 \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9. Th\u1ecb tr\u01b0\u1eddng \u0111ang nhanh ch\u00f3ng \u0111i\u1ec1u ch\u1ec9nh l\u1ea1i \u0111\u01b0\u1eddng l\u1ed1i ch\u00ednh s\u00e1ch c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang. V\u1ec1 c\u01a1 b\u1ea3n, n\u00f3 bao g\u1ed3m k\u1ef3 v\u1ecdng v\u1ec1 hai l\u1ea7n t\u0103ng l\u00e3i su\u1ea5t c\u1ee7a Fed tr\u01b0\u1edbc qu\u00fd \u0111\u1ea7u ti\u00ean c\u1ee7a n\u0103m 2027. M\u1ed9t s\u1ed1 giao d\u1ecbch th\u1eadm ch\u00ed c\u00f2n \u0111\u1eb7t c\u01b0\u1ee3c r\u1eb1ng l\u1ea7n t\u0103ng l\u00e3i su\u1ea5t \u0111\u1ea7u ti\u00ean c\u00f3 th\u1ec3 x\u1ea3y ra ngay sau cu\u1ed9c h\u1ecdp l\u00e3i su\u1ea5t v\u00e0o th\u00e1ng 7. Vi\u1ec7c ti\u1ebfp t\u1ee5c \u0111i\u1ec1u ch\u1ec9nh t\u0103ng k\u1ef3 v\u1ecdng v\u1ec1 l\u00e3i su\u1ea5t \u0111\u00e3 tr\u1ef1c ti\u1ebfp \u0111\u1ea9y ch\u1ec9 s\u1ed1 \u0111\u00f4 la M\u1ef9 l\u00ean tr\u00ean 101,50, l\u1eadp m\u1ee9c cao k\u1ef7 l\u1ee5c v\u00e0o th\u00e1ng 5 n\u0103m 2025. L\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu kho b\u1ea1c Hoa K\u1ef3 \u0111\u00e3 \u0111\u1ed3ng th\u1eddi t\u0103ng, \u0111\u1ea1t m\u1ee9c cao nh\u1ea5t k\u1ec3 t\u1eeb th\u00e1ng 8, l\u00e0m t\u0103ng th\u00eam chi ph\u00ed c\u01a1 h\u1ed9i c\u1ee7a vi\u1ec7c n\u1eafm gi\u1eef kim lo\u1ea1i qu\u00fd kh\u00f4ng tr\u1ea3 l\u00e3i v\u00e0 tr\u1ef1c ti\u1ebfp k\u00ecm h\u00e3m gi\u00e1 v\u00e0ng.<\/p>\n

\"IMG_256\"<\/p>\n

V\u00f2ng chuy\u1ec3n \u0111\u1ed5i phong c\u00e1ch th\u1ecb tr\u01b0\u1eddng n\u00e0y kh\u00f4ng ph\u1ea3i l\u00e0 \u0111\u1ed9t ng\u1ed9t. CD Markets \u0111\u00e3 d\u00f2 l\u1ea1i b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng v\u00e0 nh\u1eadn th\u1ea5y r\u1eb1ng b\u01b0\u1edbc ngo\u1eb7t \u0111\u00e3 xu\u1ea5t hi\u1ec7n v\u00e0o cu\u1ed1i th\u00e1ng 1 khi Warsh \u0111\u01b0\u1ee3c \u0111\u1ec1 c\u1eed l\u00e0m ch\u1ee7 t\u1ecbch C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang. Khi \u0111\u00f3, th\u1ecb tr\u01b0\u1eddng b\u1eaft \u0111\u1ea7u \u0111\u00e1nh gi\u00e1 l\u1ea1i logic giao d\u1ecbch v\u0129 m\u00f4 hi\u1ec7n c\u00f3. V\u00e0ng gi\u1ea3m m\u1ea1nh kho\u1ea3ng 13% so v\u1edbi m\u1ee9c cao l\u1ecbch s\u1eed ng\u00e0y h\u00f4m \u0111\u00f3, thi\u1ebft l\u1eadp m\u1ee9c gi\u1ea3m trong m\u1ed9t ng\u00e0y l\u1edbn nh\u1ea5t trong h\u01a1n 40 n\u0103m. \u0110\u1ed3ng \u0111\u00f4 la M\u1ef9 ch\u1ea5m d\u1ee9t \u0111\u00e0 gi\u1ea3m v\u00e0 b\u1eaft \u0111\u1ea7u ph\u1ee5c h\u1ed3i. M\u1eb7c d\u00f9 Warsh \u0111\u01b0\u1ee3c \u0111\u1ec1 c\u1eed v\u00ec \u1ee7ng h\u1ed9 c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t nh\u01b0ng h\u00ecnh \u1ea3nh trong qu\u00e1 kh\u1ee9 c\u1ee7a \u00f4ng v\u1edbi t\u01b0 c\u00e1ch l\u00e0 \u201cchim di\u1ec1u h\u00e2u ch\u1ed1ng l\u1ea1m ph\u00e1t\u201d lu\u00f4n khi\u1ebfn th\u1ecb tr\u01b0\u1eddng ph\u1ea3i th\u1eadn tr\u1ecdng. Cu\u1ed9c h\u1ecdp FOMC \u0111\u1ea7u ti\u00ean do Warsh t\u1ed5 ch\u1ee9c v\u00e0o tu\u1ea7n tr\u01b0\u1edbc \u0111\u00e3 c\u1ee7ng c\u1ed1 ho\u00e0n to\u00e0n xu h\u01b0\u1edbng n\u00e0y. \u00d4ng r\u00f5 r\u00e0ng \u0111\u1eb7t s\u1ef1 \u1ed5n \u0111\u1ecbnh v\u1ec1 gi\u00e1 l\u00ean h\u00e0ng \u0111\u1ea7u trong ch\u00ednh s\u00e1ch, ph\u00e1 v\u1ee1 ho\u00e0n to\u00e0n s\u1ef1 mong \u0111\u1ee3i c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u1ec1 xu h\u01b0\u1edbng n\u1edbi l\u1ecfng c\u1ee7a \u00f4ng, v\u00e0 c\u00e1c giao d\u1ecbch li\u00ean quan m\u1ed9t l\u1ea7n n\u1eefa ch\u1ecbu \u00e1p l\u1ef1c. CD Markets \u0111\u00e3 ki\u1ec3m tra ch\u00e9o quan \u0111i\u1ec3m c\u1ee7a nhi\u1ec1u t\u1ed5 ch\u1ee9c v\u00e0 nh\u1eadn th\u1ea5y r\u1eb1ng th\u1ecb tr\u01b0\u1eddng nh\u00ecn chung \u0111\u00e3 \u0111i\u1ec1u ch\u1ec9nh l\u1ea1i c\u00e1ch hi\u1ec3u c\u1ee7a m\u00ecnh v\u1ec1 Warsh. Nh\u1eadn \u0111\u1ecbnh tr\u01b0\u1edbc \u0111\u00f3 r\u1eb1ng \u00f4ng s\u1ebd c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t m\u1ed9t c\u00e1ch m\u1ea1nh m\u1ebd b\u1ea5t k\u1ec3 l\u1ea1m ph\u00e1t \u0111\u00e3 b\u1ecb sai l\u1ec7ch v\u00e0 l\u1eadp tr\u01b0\u1eddng ch\u00ednh s\u00e1ch c\u1ee7a \u00f4ng c\u00f2n di\u1ec1u h\u00e2u h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi k\u1ef3 v\u1ecdng ban \u0111\u1ea7u c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/p>\n

Nh\u1eefng thay \u0111\u1ed5i v\u1ec1 v\u1ed1n x\u00e1c nh\u1eadn xu h\u01b0\u1edbng n\u00e0y m\u1ed9t c\u00e1ch tr\u1ef1c quan h\u01a1n. D\u1eef li\u1ec7u d\u00f2ng v\u1ed1n ETF kim lo\u1ea1i qu\u00fd to\u00e0n c\u1ea7u do CD Markets gi\u00e1m s\u00e1t cho th\u1ea5y k\u1ec3 t\u1eeb th\u00e1ng n\u00e0y, qu\u1ef9 ETF v\u00e0ng l\u1edbn nh\u1ea5t th\u1ebf gi\u1edbi SPDR Gold Shares \u0111\u00e3 ch\u1ee9ng ki\u1ebfn \u200b\u200bd\u00f2ng v\u1ed1n ch\u1ea3y r\u00f2ng g\u1ea7n 1 t\u1ef7 USD. D\u00f2ng v\u1ed1n r\u00fat ra t\u00edch l\u0169y k\u1ec3 t\u1eeb cu\u1ed1i th\u00e1ng 2 \u0111\u00e3 l\u00ean t\u1edbi 12 t\u1ef7 USD, l\u1eadp k\u1ef7 l\u1ee5c v\u1ec1 d\u00f2ng v\u1ed1n ch\u1ea3y ra l\u1edbn nh\u1ea5t trong b\u1ea5t k\u1ef3 kho\u1ea3ng th\u1eddi gian 4 th\u00e1ng n\u00e0o k\u1ec3 t\u1eeb n\u0103m 2013. C\u00e1c qu\u1ef9 \u0111\u1ea7u c\u01a1 c\u0169ng \u0111ang ti\u1ebfp t\u1ee5c r\u00fat ra. V\u1ecb th\u1ebf mua r\u00f2ng v\u00e0ng phi th\u01b0\u01a1ng m\u1ea1i c\u1ee7a CFTC \u0111\u00e3 gi\u1ea3m xu\u1ed1ng m\u1ee9c th\u1ea5p g\u1ea7n hai n\u0103m. S\u1ef1 ra \u0111i c\u1ee7a c\u00e1c qu\u1ef9 giao d\u1ecbch theo xu h\u01b0\u1edbng c\u00e0ng l\u00e0m t\u0103ng th\u00eam \u0111\u00e0 gi\u1ea3m c\u1ee7a gi\u00e1 v\u00e0ng. \u0110\u1ed3ng th\u1eddi, c\u00e1c t\u1ed5 ch\u1ee9c ch\u00ednh th\u1ed1ng tr\u00ean kh\u1eafp th\u1ebf gi\u1edbi \u0111\u00e3 h\u1ea1 th\u1ea5p k\u1ef3 v\u1ecdng v\u1ec1 gi\u00e1 v\u00e0ng v\u00e0 b\u1ea1c. Deutsche Bank \u0111\u00e3 gi\u1ea3m \u0111\u00e1ng k\u1ec3 d\u1ef1 b\u00e1o gi\u00e1 v\u00e0ng xu\u1ed1ng 22%. Goldman Sachs \u0111\u00e3 h\u1ea1 gi\u00e1 m\u1ee5c ti\u00eau cu\u1ed1i n\u0103m th\u00eam 500 USD xu\u1ed1ng c\u00f2n 4.900 USD\/ounce. ING c\u0169ng \u0111\u00e3 h\u1ea1 d\u1ef1 b\u00e1o gi\u00e1 v\u00e0ng trung b\u00ecnh trong qu\u00fd 3 n\u0103m 2026 t\u1eeb 4.850 USD xu\u1ed1ng 4.300 USD v\u00e0 trong qu\u00fd 4 t\u1eeb 5.000 USD xu\u1ed1ng 4.600 USD. D\u1ef1 b\u00e1o v\u1ec1 \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9 v\u00e0 b\u1ea1c \u0111\u00e3 \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh gi\u1ea3m \u0111\u1ed3ng th\u1eddi, ph\u1ea3n \u00e1nh s\u1ef1 th\u1eadn tr\u1ecdng chung c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u1ec1 c\u00e1c xu h\u01b0\u1edbng ng\u1eafn h\u1ea1n.<\/p>\n

\"\u0110\u00e1nh<\/p>\n

CD Markets \u0111\u1eb7c bi\u1ec7t ch\u1ec9 ra r\u1eb1ng c\u0103ng th\u1eb3ng \u0111\u1ecba ch\u00ednh tr\u1ecb hi\u1ec7n nay \u0111\u00e3 kh\u00f4ng th\u00fac \u0111\u1ea9y d\u00f2ng v\u1ed1n tr\u00fa \u1ea9n an to\u00e0n ch\u1ea3y v\u00e0o kim lo\u1ea1i qu\u00fd nh\u01b0 tr\u01b0\u1edbc \u0111\u00e2y. Tr\u1ecdng t\u00e2m c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00e3 chuy\u1ec3n t\u1eeb nhu c\u1ea7u ph\u00f2ng ng\u1eeba r\u1ee7i ro thu\u1ea7n t\u00fay sang t\u00e1c \u0111\u1ed9ng c\u1ee7a c\u00e1c s\u1ef1 ki\u1ec7n \u0111\u1ecba ch\u00ednh tr\u1ecb \u0111\u1ed1i v\u1edbi \u0111\u01b0\u1eddng l\u1ed1i ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 v\u00e0 l\u1ea1m ph\u00e1t. \u0110\u00e2y c\u0169ng l\u00e0 l\u00fd do c\u1ed1t l\u00f5i d\u1eabn \u0111\u1ebfn s\u1ef1 th\u1ea5t b\u1ea1i theo t\u1eebng giai \u0111o\u1ea1n c\u1ee7a t\u00e0i s\u1ea3n tr\u00fa \u1ea9n an to\u00e0n c\u1ee7a v\u00e0ng. \u0110\u1ed1i v\u1edbi b\u1ea1c, m\u1ee9c gi\u1ea3m c\u1ee7a n\u00f3 l\u1edbn h\u01a1n v\u00e0ng. \u0110i\u1ec1u n\u00e0y l\u00e0 do c\u00e1c y\u1ebfu t\u1ed1 chung c\u1ee7a \u00e1p l\u1ef1c chung \u0111\u1ed1i v\u1edbi kim lo\u1ea1i qu\u00fd v\u00e0 logic c\u01a1 b\u1ea3n c\u1ee7a ch\u00ednh n\u00f3: m\u1eb7c d\u00f9 b\u1ea1c n\u00f3i chung v\u1eabn c\u00f3 th\u1ec3 duy tr\u00ec t\u00ecnh tr\u1ea1ng thi\u1ebfu ngu\u1ed3n cung nh\u01b0ng m\u1ed9t s\u1ed1 y\u1ebfu t\u1ed1 th\u00fac \u0111\u1ea9y nhu c\u1ea7u ch\u00ednh \u0111ang suy y\u1ebfu v\u00e0 t\u0103ng tr\u01b0\u1edfng nhu c\u1ea7u n\u0103ng l\u01b0\u1ee3ng m\u1eb7t tr\u1eddi \u0111ang ch\u1eadm l\u1ea1i. \u0110\u1ed3ng th\u1eddi, xu h\u01b0\u1edbng ti\u1ebfp t\u1ee5c s\u1eed d\u1ee5ng ti\u1ebft ki\u1ec7m v\u00e0 thay th\u1ebf v\u1eadt li\u1ec7u trong ng\u00e0nh s\u1ea3n xu\u1ea5t quang \u0111i\u1ec7n \u0111ang l\u00e0m gi\u1ea3m l\u01b0\u1ee3ng b\u1ea1c s\u1eed d\u1ee5ng tr\u00ean m\u1ed7i t\u1ea5m pin, khi\u1ebfn bi\u00ean \u0111\u1ed9 h\u1ed7 tr\u1ee3 c\u1ee7a ph\u00eda c\u1ea7u c\u00f4ng nghi\u1ec7p y\u1ebfu \u0111i.<\/p>\n

M\u1eb7c d\u00f9 c\u00e1c y\u1ebfu t\u1ed1 chu k\u1ef3 ng\u1eafn h\u1ea1n chi\u1ebfm \u01b0u th\u1ebf, nh\u01b0ng khung nghi\u00ean c\u1ee9u d\u00e0i h\u1ea1n c\u1ee7a CD Markets cho th\u1ea5y logic c\u1ea5u tr\u00fac l\u00e0m n\u1ec1n t\u1ea3ng cho v\u00e0ng v\u1ec1 c\u01a1 b\u1ea3n kh\u00f4ng thay \u0111\u1ed5i. \u0110\u1ed9ng l\u1ef1c c\u1ed1t l\u00f5i h\u1ed7 tr\u1ee3 gi\u00e1 v\u00e0ng t\u0103ng v\u1ecdt trong hai n\u0103m qua l\u00e0 m\u1ed1i lo ng\u1ea1i v\u1ec1 s\u1ee9c mua c\u1ee7a \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9 do vi\u1ec7c m\u1edf r\u1ed9ng t\u00e0i ch\u00ednh c\u1ee7a M\u1ef9 v\u00e0 l\u1ea1m ph\u00e1t ti\u1ebfp t\u1ee5c cao h\u01a1n m\u1ee5c ti\u00eau. C\u01a1 s\u1edf c\u01a1 b\u1ea3n c\u1ee7a logic n\u00e0y v\u1eabn ch\u01b0a bi\u1ebfn m\u1ea5t: th\u00e2m h\u1ee5t ng\u00e2n s\u00e1ch hi\u1ec7n t\u1ea1i c\u1ee7a M\u1ef9 v\u1eabn \u1edf m\u1ee9c g\u1ea7n 6% GDP, v\u00e0 m\u1eb7c d\u00f9 B\u1ed9 tr\u01b0\u1edfng T\u00e0i ch\u00ednh \u0111\u00e3 h\u1ee9a gi\u1ea3m m\u1ed9t n\u1eeda trong nhi\u1ec7m k\u1ef3 c\u1ee7a m\u00ecnh, vi\u1ec7c ti\u1ebfp t\u1ee5c m\u1edf r\u1ed9ng quy m\u00f4 n\u1ee3 v\u1eabn l\u00e0 m\u1ed9t m\u1ed1i nguy hi\u1ec3m ti\u1ec1m \u1ea9n v\u1ec1 l\u00e2u d\u00e0i. C\u00e1c n\u1ec1n kinh t\u1ebf l\u1edbn nh\u01b0 Anh v\u00e0 Nh\u1eadt B\u1ea3n c\u0169ng \u0111ang ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi \u00e1p l\u1ef1c v\u1ec1 t\u00ednh b\u1ec1n v\u1eefng t\u00e0i ch\u00ednh. D\u1eef li\u1ec7u mua v\u00e0ng c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng do CD Markets theo d\u00f5i cho th\u1ea5y quy m\u00f4 mua v\u00e0ng c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng to\u00e0n c\u1ea7u v\u1eabn \u1ed5n \u0111\u1ecbnh trong th\u00e1ng 5, ho\u1ea1t \u0111\u1ed9ng mua c\u01a1 c\u1ea5u v\u1edbi \u0111\u1ed9 co gi\u00e3n gi\u00e1 th\u1ea5p lu\u00f4n t\u1ed3n t\u1ea1i v\u00e0 xu h\u01b0\u1edbng d\u00e0i h\u1ea1n v\u1ec1 \u0111a d\u1ea1ng h\u00f3a d\u1ef1 tr\u1eef to\u00e0n c\u1ea7u v\u00e0 kh\u1eed \u0111\u00f4 la h\u00f3a v\u1eabn ch\u01b0a b\u1ecb \u0111\u1ea3o ng\u01b0\u1ee3c. \u0110\u00e2y c\u0169ng l\u00e0 l\u00fd do c\u1ed1t l\u00f5i t\u1ea1i sao h\u1ed7 tr\u1ee3 \u0111\u00e1y lu\u00f4n t\u1ed3n t\u1ea1i trong th\u1eddi gian gi\u00e1 v\u00e0ng gi\u1ea3m.<\/p>\n

\"\u0110\u00e1nh<\/p>\n

D\u1ef1 \u0111o\u00e1n xu h\u01b0\u1edbng ti\u1ebfp theo, CD Markets \u0111\u00e1nh gi\u00e1 v\u00e0ng v\u1eabn s\u1ebd ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi \u00e1p l\u1ef1c gi\u1ea3m gi\u00e1 l\u1edbn h\u01a1n trong ng\u1eafn h\u1ea1n. M\u00f4 h\u00ecnh \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9 m\u1ea1nh h\u01a1n, l\u00e3i su\u1ea5t tr\u00e1i phi\u1ebfu M\u1ef9 cao v\u00e0 nhu c\u1ea7u \u0111\u1ea7u t\u01b0 y\u1ebfu s\u1ebd kh\u00f3 \u0111\u1ea3o ng\u01b0\u1ee3c trong ng\u1eafn h\u1ea1n. Th\u1ecb tr\u01b0\u1eddng ti\u1ebfp theo s\u1ebd t\u1eadp trung v\u00e0o d\u1eef li\u1ec7u l\u1ea1m ph\u00e1t PCE s\u1eafp t\u1edbi c\u1ee7a Hoa K\u1ef3. Ch\u1ec9 s\u1ed1 n\u00e0y \u0111\u01b0\u1ee3c C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang \u01b0a chu\u1ed9ng c\u00f3 th\u1ec3 h\u01b0\u1edbng d\u1eabn th\u00eam l\u1ed9 tr\u00ecnh ch\u00ednh s\u00e1ch. N\u1ebfu d\u1eef li\u1ec7u l\u1ea1m ph\u00e1t v\u01b0\u1ee3t qu\u00e1 mong \u0111\u1ee3i, gi\u00e1 v\u00e0ng c\u00f3 th\u1ec3 ki\u1ec3m tra th\u00eam m\u1ee9c h\u1ed7 tr\u1ee3. Tuy nhi\u00ean, trong trung h\u1ea1n, vi\u1ec7c \u0111i\u1ec1u ch\u1ec9nh t\u0103ng k\u1ef3 v\u1ecdng l\u00e3i su\u1ea5t hi\u1ec7n nay l\u00e0 t\u01b0\u01a1ng \u0111\u1ed1i \u0111\u1ee7. Khi l\u1ea1m ph\u00e1t gi\u1ea3m d\u1ea7n v\u00e0 \u00e1p l\u1ef1c t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf xu\u1ea5t hi\u1ec7n, k\u1ef3 v\u1ecdng ch\u00ednh s\u00e1ch s\u1ebd l\u1ea1i thay \u0111\u1ed5i v\u00e0 v\u00e0ng s\u1ebd m\u1edf ra th\u1eddi k\u1ef3 ph\u1ee5c h\u1ed3i t\u0103ng tr\u01b0\u1edfng. V\u1ec1 l\u00e2u d\u00e0i, t\u00ecnh tr\u1ea1ng th\u00e2m h\u1ee5t t\u00e0i ch\u00ednh v\u00e0 v\u1ea5n \u0111\u1ec1 n\u1ee3 k\u00e9o d\u00e0i c\u0169ng nh\u01b0 xu h\u01b0\u1edbng \u0111a d\u1ea1ng h\u00f3a c\u1ee7a h\u1ec7 th\u1ed1ng ti\u1ec1n t\u1ec7 to\u00e0n c\u1ea7u v\u1eabn s\u1ebd h\u1ed7 tr\u1ee3 cho s\u1ef1 d\u1ecbch chuy\u1ec3n li\u00ean t\u1ee5c \u0111i l\u00ean c\u1ee7a trung t\u00e2m \u0111\u1ecbnh gi\u00e1 v\u00e0ng. Thay v\u00e0o \u0111\u00f3, \u0111\u1ee3t \u0111i\u1ec1u ch\u1ec9nh hi\u1ec7n t\u1ea1i \u0111\u00e3 mang l\u1ea1i c\u01a1 h\u1ed9i b\u1ed1 tr\u00ed t\u1ed1t h\u01a1n cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 trung v\u00e0 d\u00e0i h\u1ea1n. V\u1ec1 m\u1eb7t b\u1ea1c, b\u1ea5t ch\u1ea5p \u00e1p l\u1ef1c t\u1eeb ph\u00eda c\u1ea7u ng\u1eafn h\u1ea1n, xu h\u01b0\u1edbng \u0111i\u1ec7n kh\u00ed h\u00f3a to\u00e0n c\u1ea7u v\u1eabn s\u1ebd h\u1ed7 tr\u1ee3 n\u1ec1n t\u1ea3ng nhu c\u1ea7u d\u00e0i h\u1ea1n c\u1ee7a b\u1ea1c. C\u00f9ng v\u1edbi nh\u1eefng h\u1ea1n ch\u1ebf c\u1ee9ng nh\u1eafc v\u1ec1 ph\u00eda ngu\u1ed3n cung, n\u00f3 v\u1eabn c\u00f3 ti\u1ec1m n\u0103ng v\u01b0\u1ee3t tr\u1ed9i h\u01a1n v\u00e0ng v\u1ec1 l\u00e2u d\u00e0i.<\/p>\n

CD Markets khuy\u1ebfn ngh\u1ecb c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean \u00e1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c x\u00e2y d\u1ef1ng v\u1ecb th\u1ebf theo \u0111\u1ee3t, tri\u1ec3n khai d\u1ea7n d\u1ea7n v\u1ecb th\u1ebf v\u00e0ng trung v\u00e0 d\u00e0i h\u1ea1n trong kho\u1ea3ng 3.800-4.000 USD, tr\u00e1nh c\u00e1c ho\u1ea1t \u0111\u1ed9ng \u0111u\u1ed5i theo ng\u1eafn h\u1ea1n v\u00e0 ch\u00fa \u00fd \u0111\u1ebfn nh\u1eefng thay \u0111\u1ed5i trong t\u00edn hi\u1ec7u ch\u00ednh s\u00e1ch v\u00e0 d\u1eef li\u1ec7u l\u1ea1m ph\u00e1t c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang. CD Markets s\u1ebd ti\u1ebfp t\u1ee5c theo d\u00f5i xu h\u01b0\u1edbng c\u1ee7a ch\u1ec9 s\u1ed1 \u0111\u00f4 la M\u1ef9, xu h\u01b0\u1edbng ch\u00ednh s\u00e1ch c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang, d\u00f2ng v\u1ed1n kim lo\u1ea1i qu\u00fd v\u00e0 nh\u1eefng thay \u0111\u1ed5i c\u01a1 b\u1ea3n, \u0111\u1ed3ng th\u1eddi d\u1ef1a v\u00e0o khung nghi\u00ean c\u1ee9u \u0111a chi\u1ec1u \u0111\u1ec3 n\u1eafm b\u1eaft ch\u00ednh x\u00e1c c\u01a1 h\u1ed9i th\u1ecb tr\u01b0\u1eddng cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p>","protected":false},"excerpt":{"rendered":"

V\u00e0ng gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi 4.000 USD \u0111\u1ec3 ch\u1ea1m m\u1ee9c th\u1ea5p m\u1edbi trong n\u0103m, b\u1ea1c gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi 60 USD v\u00e0 ch\u1ec9 s\u1ed1 \u0111\u00f4 la M\u1ef9 t\u0103ng l\u00ean 101,50, \u0111\u1ea1t m\u1ee9c cao m\u1edbi k\u1ec3 t\u1eeb th\u00e1ng 5 n\u0103m 2025. Th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 k\u1ef3 v\u1ecdng v\u00e0o hai \u0111\u1ee3t t\u0103ng l\u00e3i su\u1ea5t \u0111\u1ea7u ti\u00ean v\u00e0o qu\u00fd 1 n\u0103m 2027 v\u00e0 qu\u1ef9 ETF v\u00e0ng SPDR \u0111\u00e3 ch\u1ee9ng ki\u1ebfn d\u00f2ng v\u1ed1n ch\u1ea3y r\u00f2ng g\u1ea7n 1 t\u1ef7 USD trong th\u00e1ng n\u00e0y, d\u00f2ng v\u1ed1n ch\u1ea3y ra r\u00f2ng l\u1edbn nh\u1ea5t trong 4 th\u00e1ng k\u1ec3 t\u1eeb n\u0103m 2013. Cu\u1ed9c h\u1ecdp FOMC \u0111\u1ea7u ti\u00ean c\u1ee7a Warsh \u0111\u00e3 c\u1ee7ng c\u1ed1 l\u1eadp tr\u01b0\u1eddng di\u1ec1u h\u00e2u v\u00e0 t\u00e0i s\u1ea3n tr\u00fa \u1ea9n an to\u00e0n c\u1ee7a v\u00e0ng d\u1ea7n th\u1ea5t b\u1ea1i. C\u00f3 \u00e1p l\u1ef1c ng\u1eafn h\u1ea1n, nh\u01b0ng logic d\u00e0i h\u1ea1n v\u1ec1 th\u00e2m h\u1ee5t t\u00e0i ch\u00ednh v\u00e0 phi \u0111\u00f4 la h\u00f3a v\u1eabn kh\u00f4ng thay \u0111\u1ed5i. N\u00ean x\u00e2y d\u1ef1ng c\u00e1c v\u1ecb th\u1ebf theo \u0111\u1ee3t \u1edf m\u1ee9c 3.800-4.000 USD.<\/p>","protected":false},"author":1,"featured_media":10054,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[121],"tags":[1082,1083,1081,1080],"class_list":["post-10053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-1082","tag-1083","tag-1081","tag-1080"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.ycnkyy.com\/vi\/wp-json\/wp\/v2\/posts\/10053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ycnkyy.com\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ycnkyy.com\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ycnkyy.com\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ycnkyy.com\/vi\/wp-json\/wp\/v2\/comments?post=10053"}],"version-history":[{"count":1,"href":"https:\/\/www.ycnkyy.com\/vi\/wp-json\/wp\/v2\/posts\/10053\/revisions"}],"predecessor-version":[{"id":10058,"href":"https:\/\/www.ycnkyy.com\/vi\/wp-json\/wp\/v2\/posts\/10053\/revisions\/10058"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ycnkyy.com\/vi\/wp-json\/wp\/v2\/media\/10054"}],"wp:attachment":[{"href":"https:\/\/www.ycnkyy.com\/vi\/wp-json\/wp\/v2\/media?parent=10053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ycnkyy.com\/vi\/wp-json\/wp\/v2\/categories?post=10053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ycnkyy.com\/vi\/wp-json\/wp\/v2\/tags?post=10053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}