Gi\u00e1 v\u00e0ng nh\u1eabn<\/p>\n
\n <\/p>\n <\/p>\n <\/p>\n C\u1eadp nh\u1eadt 10h00\u2032 s\u00e1ng nay (3\/2), gi\u00e1 v\u00e0ng th\u1ebf gi\u1edbi gi\u1ea3m 72,6 USD\/ounce so v\u1edbi phi\u00ean li\u1ec1n k\u1ec1, t\u01b0\u01a1ng \u1ee9ng 1,5% v\u1ec1 m\u1ee9c 4.768 USD\/ounce.<\/p>\n B\u00e1o c\u00e1o th\u1ecb tr\u01b0\u1eddng<\/p>\n \n \n Tuy nhi\u00ean, tr\u01b0\u1edbc khi \u0111\u1ee9ng ng\u01b0\u1ee1ng hi\u1ec7n t\u1ea1i, kim lo\u1ea1i qu\u00fd n\u00e0y \u0111\u00e3 ph\u1ee5c h\u1ed3i 200 USD\/ounce sau 1 \u0111\u00eam, t\u1eeb m\u1ee9c 4.620 USD\/ounce t\u1ea1i 16h ng\u00e0y 2\/2 (theo gi\u1edd Vi\u1ec7t Nam) l\u00ean th\u1eb3ng m\u1ed1c 4.821 USD\/ounce v\u00e0o l\u00fac 7h00 s\u00e1ng nay (3\/2).<\/p>\n \n Theo gi\u1edbi ph\u00e2n t\u00edch, \u0111\u1ee3t b\u00e1n th\u00e1o hi\u1ec7n t\u1ea1i \u0111\u01b0\u1ee3c k\u00edch ho\u1ea1t b\u1edfi tin t\u1ee9c v\u1ec1 vi\u1ec7c T\u1ed5ng th\u1ed1ng Trump \u0111\u1ec1 c\u1eed \u00f4ng Kevin Warsh l\u00e0m Ch\u1ee7 t\u1ecbch C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang (Fed) ti\u1ebfp theo.<\/p>\n \n C\u1ef1u Th\u1ed1ng \u0111\u1ed1c Kevin Warsh l\u00e0 ng\u01b0\u1eddi \u0111\u01b0\u1ee3c xem l\u00e0 c\u00f3 quan \u0111i\u1ec3m c\u1ee9ng r\u1eafn h\u01a1n c\u00e1c \u1ee9ng c\u1eed vi\u00ean kh\u00e1c, l\u00e0m d\u1ea5y l\u00ean lo ng\u1ea1i v\u1ec1 ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 th\u1eaft ch\u1eb7t h\u01a1n \u2013 \u0111\u1ed3ng ngh\u0129a h\u1ed7 tr\u1ee3 \u0111\u1ed3ng USD m\u1ea1nh l\u00ean v\u00e0 g\u00e2y s\u1ee9c \u00e9p tr\u1ef1c ti\u1ebfp l\u00ean gi\u00e1 v\u00e0ng.<\/p>\n \n \n \u0110\u1ed3ng th\u1eddi, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 \u0111\u1ed9ng th\u00e1i chuy\u1ec3n h\u01b0\u1edbng sang t\u00e0i s\u1ea3n v\u1eadt ch\u1ea5t nh\u01b0 \u200b\u200bti\u1ec1n t\u1ec7 v\u00e0 tr\u00e1i phi\u1ebfu trong b\u1ed1i c\u1ea3nh lo ng\u1ea1i v\u1ec1 t\u00e0i ch\u00ednh ng\u00e0y c\u00e0ng t\u0103ng.<\/p>\n \n D\u00f9 v\u1eady, b\u1ea5t ch\u1ea5p s\u1ef1 bi\u1ebfn \u0111\u1ed9ng g\u1ea7n \u0111\u00e2y, v\u00e0ng v\u1eabn \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi c\u00e1c ho\u1ea1t \u0111\u1ed9ng mua m\u1ea1nh m\u1ebd c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng.<\/p>\n M\u1eb7t kh\u00e1c, s\u1ef1 b\u1ea5t \u1ed5n to\u00e0n c\u1ea7u, c\u0169ng nh\u01b0 nh\u1eefng lo ng\u1ea1i v\u1ec1 t\u00ednh \u0111\u1ed9c l\u1eadp c\u1ee7a Fed v\u1eabn \u0111ang b\u1ec1n b\u1ec9 c\u1ee7ng c\u1ed1 s\u1ee9c h\u1ea5p d\u1eabn c\u1ee7a v\u00e0ng nh\u01b0 m\u1ed9t t\u00e0i s\u1ea3n tr\u00fa \u1ea9n an to\u00e0n.<\/p>\n Tin t\u1ee9c th\u1ebf gi\u1edbi<\/p>\n \n Nh\u00ecn l\u1ea1i th\u1eddi gian qua, gi\u00e1 v\u00e0ng trong n\u01b0\u1edbc v\u00e0 th\u1ebf gi\u1edbi li\u00ean t\u1ee5c x\u00e1c l\u1eadp c\u00e1c k\u1ef7 l\u1ee5c m\u1edbi, ph\u1ea3n \u00e1nh r\u00f5 xu h\u01b0\u1edbng t\u00ecm ki\u1ebfm t\u00e0i s\u1ea3n tr\u00fa \u1ea9n c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 trong b\u1ed1i c\u1ea3nh kinh t\u1ebf v\u00e0 \u0111\u1ecba ch\u00ednh tr\u1ecb to\u00e0n c\u1ea7u bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh.<\/p>\n \n Tr\u00ean th\u1ecb tr\u01b0\u1eddng qu\u1ed1c t\u1ebf, gi\u00e1 v\u00e0ng nhi\u1ec1u l\u1ea7n v\u01b0\u1ee3t c\u00e1c ng\u01b0\u1ee1ng l\u1ecbch s\u1eed, c\u00f3 th\u1eddi \u0111i\u1ec3m ch\u1ea1m m\u1ed1c 5.600 USD\/ounce khi k\u1ef3 v\u1ecdng v\u1ec1 ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 n\u1edbi l\u1ecfng, \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t v\u00e0 r\u1ee7i ro t\u00e0i ch\u00ednh gia t\u0103ng.<\/p>\n \n Trong b\u1ed1i c\u1ea3nh gi\u00e1 v\u00e0ng bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh, \u00f4ng Shaokai Fan, Gi\u00e1m \u0111\u1ed1c khu v\u1ef1c ch\u00e2u \u00c1 \u2013 Th\u00e1i B\u00ecnh D\u01b0\u01a1ng c\u1ee7a H\u1ed9i \u0111\u1ed3ng V\u00e0ng Th\u1ebf gi\u1edbi nh\u1ea5n m\u1ea1nh r\u1eb1ng, s\u1ef1 bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh m\u1ebd c\u1ee7a kim lo\u1ea1i qu\u00fd lu\u00f4n l\u00e0 t\u1ea5m g\u01b0\u01a1ng ph\u1ea3n chi\u1ebfu nh\u1eefng b\u1ea5t \u1ed5n c\u1ee7a th\u1eddi \u0111\u1ea1i.<\/p>\n \n Theo \u00f4ng, d\u00f2ng ti\u1ec1n \u0111\u1ed5 ch\u1ea3y v\u00e0o v\u00e0ng hi\u1ec7n nay l\u00e0 \u2018cu\u1ed9c ch\u01a1i\u2019 chi\u1ebfn l\u01b0\u1ee3c hay ch\u1ec9 l\u00e0 ph\u1ea3n \u1ee9ng nh\u1ea5t th\u1eddi? Trong n\u0103m 2026, \u0111\u00e2u l\u00e0 \u2018bi\u1ebfn s\u1ed1\u2019 th\u1ef1c s\u1ef1 d\u1eabn d\u1eaft th\u1ecb tr\u01b0\u1eddng: L\u00e3i su\u1ea5t th\u1ef1c, s\u1ee9c m\u1ea1nh \u0111\u1ed3ng Dollar, hay nh\u1eefng y\u1ebfu t\u1ed1 \u0111\u1ecba ch\u00ednh tr\u1ecb?<\/strong><\/em><\/p>\n \n \u2013\u00a0<\/strong>T\u00f4i \u0111\u00e1nh gi\u00e1 xu h\u01b0\u1edbng hi\u1ec7n t\u1ea1i l\u00e0 s\u1ef1 k\u1ebft h\u1ee3p c\u1ee7a c\u1ea3 hai y\u1ebfu t\u1ed1 chi\u1ebfn l\u01b0\u1ee3c v\u00e0 ph\u1ea3n \u1ee9ng nh\u1ea5t th\u1eddi. Trong ng\u1eafn h\u1ea1n, t\u00e2m l\u00fd \u0111\u1ea7u c\u01a1 v\u1eabn hi\u1ec7n h\u1eefu, t\u1ea1o ra nh\u1eefng \u0111\u1ee3t bi\u1ebfn \u0111\u1ed9ng gi\u00e1 m\u1ea1nh m\u1ebd trong th\u1eddi gian ng\u1eafn. V\u1ec1 d\u00e0i h\u1ea1n, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111ang th\u1ef1c hi\u1ec7n m\u1ed9t s\u1ef1 d\u1ecbch chuy\u1ec3n chi\u1ebfn l\u01b0\u1ee3c. \u1ede m\u1ed9t th\u1ebf gi\u1edbi ng\u00e0y c\u00e0ng b\u1ea5t \u1ed5n, h\u1ecd t\u00e1i ph\u00e2n b\u1ed5 danh m\u1ee5c \u0111\u1ea7u t\u01b0, t\u1eadp trung v\u00e0o v\u00e0ng nh\u01b0 m\u1ed9t nh\u00e2n t\u1ed1 c\u00e2n b\u1eb1ng v\u00e0 \u1ed5n \u0111\u1ecbnh t\u00e0i s\u1ea3n.<\/p>\n K\u1ebf ho\u1ea1ch t\u00e0i ch\u00ednh<\/p>\n \n V\u1ec1 c\u00e1c ch\u1ec9 b\u00e1o cho n\u0103m 2026, c\u00f3 r\u1ea5t nhi\u1ec1u y\u1ebfu t\u1ed1 \u0111an xen. Tuy nhi\u00ean, ba tr\u1ee5 c\u1ed9t ch\u00ednh m\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n \u0111\u1eb7c bi\u1ec7t l\u01b0u t\u00e2m l\u00e0: Bi\u1ebfn \u0111\u1ed9ng l\u00e3i su\u1ea5t c\u1ee7a Fed, s\u1ee9c m\u1ea1nh c\u1ee7a \u0111\u1ed3ng \u0111\u00f4 la (Dollar Index) v\u00e0 c\u0103ng th\u1eb3ng \u0111\u1ecba ch\u00ednh tr\u1ecb. M\u1eb7c d\u00f9 d\u00f2ng v\u1ed1n v\u00e0o c\u00e1c qu\u1ef9 ETF l\u00e0 m\u1ed9t ch\u1ec9 b\u00e1o quan tr\u1ecdng, nh\u01b0ng \u0111\u00f3 kh\u00f4ng ph\u1ea3i l\u00e0 c\u0103n c\u1ee9 duy nh\u1ea5t. Ch\u00fang ta c\u1ea7n nh\u00ecn v\u00e0o b\u1ee9c tranh t\u1ed5ng th\u1ec3 c\u1ee7a c\u00e1c r\u1ee7i ro ch\u00ednh s\u00e1ch \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh xu h\u01b0\u1edbng ti\u1ebfp theo.<\/p>\n \n <\/p>\n So v\u1edbi c\u00e1c chu k\u1ef3 \u2018v\u01b0\u1ee3t \u0111\u1ec9nh r\u1ed3i \u0111i ngang\u2019 trong qu\u00e1 kh\u1ee9, \u0111\u1ee3t bi\u1ebfn \u0111\u1ed9ng v\u01b0\u1ee3t m\u1ed1c 190 tri\u1ec7u \u0111\u1ed3ng l\u1ea7n n\u00e0y c\u00f3 g\u00ec kh\u00e1c bi\u1ec7t v\u1ec1 ch\u1ea5t? Li\u1ec7u th\u1ecb tr\u01b0\u1eddng \u0111ang \u0111\u1ee9ng tr\u01b0\u1edbc m\u1ed9t cu\u1ed9c \u0111\u1ea3o chi\u1ec1u xu h\u01b0\u1edbng hay ch\u1ec9 l\u00e0 nh\u1ecbp ngh\u1ec9 trong m\u1ed9t c\u1ea5u tr\u00fac t\u0103ng tr\u01b0\u1edfng d\u00e0i h\u1ea1n h\u01a1n?<\/em><\/strong><\/p>\n \u2013\u00a0<\/strong>\u0110\u1ec3 tr\u1ea3 l\u1eddi c\u00e2u h\u1ecfi n\u00e0y, ch\u00fang ta h\u00e3y nh\u00ecn l\u1ea1i giai \u0111o\u1ea1n bi\u1ebfn \u0111\u1ed9ng g\u1ea7n nh\u1ea5t v\u00e0o n\u0103m 2012.<\/p>\n \n Theo \u0111\u00f3, n\u1ebfu x\u00e9t giai \u0111o\u1ea1n bi\u1ebfn \u0111\u1ed9ng g\u1ea7n \u0111\u00e2y nh\u1ea5t l\u00e0 quanh n\u0103m 2012, c\u00f3 th\u1ec3 th\u1ea5y trong c\u00e1c n\u0103m 2010 \u2013 2011, gi\u00e1 v\u00e0ng bi\u1ebfn \u0111\u1ed9ng r\u1ea5t m\u1ea1nh v\u00e0 \u0111\u1ea1t \u0111\u1ec9nh cao v\u00e0o n\u0103m 2012, ch\u1ee7 y\u1ebfu do t\u00e1c \u0111\u1ed9ng c\u1ee7a cu\u1ed9c kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u v\u00e0 ch\u00ednh s\u00e1ch n\u1edbi l\u1ecfng \u0111\u1ecbnh l\u01b0\u1ee3ng (QE) c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (Fed). Tuy nhi\u00ean, sau n\u0103m 2012, gi\u00e1 v\u00e0ng \u0111\u00e3 gi\u1ea3m nhanh khi nh\u1eefng lo ng\u1ea1i v\u1ec1 t\u00e1c \u0111\u1ed9ng ti\u00eau c\u1ef1c kh\u00f4ng tr\u1edf th\u00e0nh hi\u1ec7n th\u1ef1c nh\u01b0 d\u1ef1 \u0111o\u00e1n ban \u0111\u1ea7u, khi\u1ebfn c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng c\u00f2n \u0111\u1ed9ng l\u1ef1c n\u1eafm gi\u1eef v\u00e0ng v\u00e0 d\u1eabn t\u1edbi m\u1ed9t \u0111\u1ee3t \u0111i\u1ec1u ch\u1ec9nh m\u1ea1nh.<\/p>\n So s\u00e1nh v\u1edbi \u0111\u1ee3t bi\u1ebfn \u0111\u1ed9ng hi\u1ec7n nay, \u0111i\u1ec3m t\u01b0\u01a1ng \u0111\u1ed3ng l\u00e0 gi\u00e1 v\u00e0ng v\u1eabn c\u00f3 nh\u1eefng chu k\u1ef3 l\u00ean xu\u1ed1ng, nh\u01b0ng s\u1ef1 kh\u00e1c bi\u1ec7t n\u1eb1m \u1edf ch\u1ed7 c\u00e1c y\u1ebfu t\u1ed1 chi ph\u1ed1i l\u1ea7n n\u00e0y v\u1eabn r\u1ea5t m\u1ea1nh v\u00e0 ch\u01b0a th\u1ec3 s\u1edbm bi\u1ebfn m\u1ea5t, bao g\u1ed3m b\u1ea5t \u1ed5n \u0111\u1ecba ch\u00ednh tr\u1ecb, xu h\u01b0\u1edbng l\u00e3i su\u1ea5t ti\u1ebfp t\u1ee5c \u0111i xu\u1ed1ng v\u00e0 nh\u1eefng nghi v\u1ea5n xoay quanh t\u00ednh \u0111\u1ed9c l\u1eadp c\u1ee7a Fed.<\/p>\n \n Ngo\u00e0i ra, c\u01a1 s\u1edf nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ee7a n\u0103m 2026 c\u0169ng kh\u00e1c bi\u1ec7t \u0111\u00e1ng k\u1ec3 so v\u1edbi n\u0103m 2012, khi tr\u01b0\u1edbc \u0111\u00e2y th\u1ecb tr\u01b0\u1eddng ch\u1ee7 y\u1ebfu b\u1ecb chi ph\u1ed1i b\u1edfi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u01b0\u01a1ng T\u00e2y, c\u00f2n hi\u1ec7n nay c\u00f3 s\u1ef1 tham gia r\u1ed9ng r\u00e3i h\u01a1n c\u1ee7a nhi\u1ec1u th\u1ecb tr\u01b0\u1eddng m\u1edbi v\u1edbi nh\u1eefng \u0111\u1ed9ng c\u01a1 mua v\u00e0ng kh\u00e1c nhau, khi\u1ebfn m\u1ee9c \u0111\u1ed9 to\u00e0n c\u1ea7u h\u00f3a c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u00e0ng t\u0103ng l\u00ean v\u00e0 t\u1ea1o ra nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m r\u1ea5t kh\u00e1c so v\u1edbi giai \u0111o\u1ea1n tr\u01b0\u1edbc.<\/p>\n \n \n <\/p>\n <\/p>\n Th\u01b0a \u00f4ng, gi\u00e1 v\u00e0ng trong n\u01b0\u1edbc v\u00e0 th\u1ebf gi\u1edbi v\u1eeba qua t\u0103ng r\u1ea5t m\u1ea1nh nh\u01b0ng c\u0169ng c\u00f3 nh\u1eefng phi\u00ean \u0111i\u1ec1u ch\u1ec9nh gi\u1ea3m s\u00e2u. Li\u1ec7u hi\u1ec7n t\u01b0\u1ee3ng \u201cmua \u0111\u1ec9nh\u201d (\u0111u \u0111\u1ec9nh) c\u00f3 \u0111ang di\u1ec5n ra ph\u1ed5 bi\u1ebfn kh\u00f4ng?<\/em><\/strong><\/p>\n \n \u2013\u00a0<\/strong>V\u1ec1 vi\u1ec7c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 \u0111ang \u201cmua t\u1ea1i v\u00f9ng \u0111\u1ec9nh\u201d hay kh\u00f4ng, r\u1ea5t kh\u00f3 \u0111\u1ec3 \u0111\u01b0a ra nh\u1eadn \u0111\u1ecbnh ch\u00ednh x\u00e1c?. B\u1edfi l\u1ebd, trong th\u1ef1c t\u1ebf, ch\u00fang ta ch\u1ec9 bi\u1ebft \u0111\u00e2u l\u00e0 \u0111\u1ec9nh khi gi\u00e1 \u0111\u00e3 \u0111i qua \u0111i\u1ec3m \u0111\u00f3. Tuy nhi\u00ean, nh\u1eefng di\u1ec5n bi\u1ebfn v\u1eeba qua c\u00e0ng kh\u1eb3ng \u0111\u1ecbnh vai tr\u00f2 kh\u00f4ng th\u1ec3 thay th\u1ebf c\u1ee7a v\u00e0ng. Th\u1ebf gi\u1edbi ch\u00fang ta \u0111ang s\u1ed1ng ng\u00e0y c\u00e0ng tr\u1edf n\u00ean b\u1ea5t \u1ed5n, m\u1ea5t \u0111i t\u00ednh d\u1ef1 b\u00e1o v\u00e0 s\u1ef1 ch\u1eafc ch\u1eafn v\u1ed1n c\u00f3.\u00a0\u00a0Trong<\/a>\u00a0b\u1ed1i c\u1ea3nh \u0111\u00f3, nh\u00e0 \u0111\u1ea7u t\u01b0 t\u00ecm \u0111\u1ebfn v\u00e0ng nh\u01b0 m\u1ed9t t\u00e0i s\u1ea3n \u0111\u1ea3m b\u1ea3o s\u1ef1 \u1ed5n \u0111\u1ecbnh.<\/p>\n \n H\u1ed9i \u0111\u1ed3ng V\u00e0ng Th\u1ebf gi\u1edbi lu\u00f4n gi\u1eef quan \u0111i\u1ec3m r\u1eb1ng: V\u00e0ng ph\u1ea3i l\u00e0 m\u1ed9t ph\u1ea7n quan tr\u1ecdng trong m\u1ecdi danh m\u1ee5c \u0111\u1ea7u t\u01b0. Nh\u01b0 Th\u1ee7 t\u01b0\u1edbng Canada t\u1eebng nh\u1eadn \u0111\u1ecbnh, tr\u1eadt t\u1ef1 to\u00e0n c\u1ea7u \u0111ang \u0111\u1ed1i m\u1eb7t v\u1edbi nh\u1eefng s\u1ef1 \u0111\u1ee9t g\u00e3y l\u1edbn. Do \u0111\u00f3, v\u00e0ng kh\u00f4ng ch\u1ec9 \u0111\u01a1n thu\u1ea7n l\u00e0 m\u1ed9t t\u00e0i s\u1ea3n \u0111\u1ec3 k\u1ef3 v\u1ecdng t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn, m\u00e0 quan\u00a0\u00a0tr\u1ecdng<\/a>\u00a0h\u01a1n, n\u00f3 l\u00e0 c\u00f4ng c\u1ee5 b\u1ea3o v\u1ec7 v\u00e0 duy tr\u00ec s\u1ef1 c\u00e2n b\u1eb1ng cho danh m\u1ee5c \u0111\u1ea7u t\u01b0 tr\u01b0\u1edbc nh\u1eefng r\u1ee7i ro \u0111\u1ecba ch\u00ednh tr\u1ecb v\u00e0 kinh t\u1ebf kh\u00f3 l\u01b0\u1eddng.<\/p>\n Theo \u00f4ng, li\u1ec7u gi\u00e1 v\u00e0ng c\u00f3 ti\u1ebfp t\u1ee5c s\u1ee5t gi\u1ea3m?<\/em><\/strong><\/p>\n \n \u2013\u00a0<\/strong>\u1ede th\u1eddi \u0111i\u1ec3m hi\u1ec7n t\u1ea1i r\u1ea5t kh\u00f3 \u0111\u1ec3 \u0111\u01b0a ra d\u1ef1 \u0111o\u00e1n ch\u00ednh x\u00e1c. Ch\u00fang ta kh\u00f4ng th\u1ec3 kh\u1eb3ng \u0111\u1ecbnh gi\u00e1 v\u00e0ng s\u1ebd ti\u1ebfp t\u1ee5c t\u0103ng, \u0111i ngang hay gi\u1ea3m\u00a0\u00a0trong<\/a>\u00a0th\u1eddi gian t\u1edbi. Tuy nhi\u00ean, \u0111i\u1ec1u quan tr\u1ecdng l\u00e0 c\u1ea7n theo d\u00f5i c\u00e1c y\u1ebfu t\u1ed1 c\u00f3 \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn xu h\u01b0\u1edbng gi\u00e1 v\u00e0ng.<\/p>\n B\u00e1o c\u00e1o th\u1ecb tr\u01b0\u1eddng<\/p>\n \n C\u00f3 hai y\u1ebfu t\u1ed1 c\u01a1 b\u1ea3n: Th\u1ee9 nh\u1ea5t, kh\u1ea3 n\u0103ng C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (Fed) s\u1ebd c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t trong th\u1eddi gian t\u1edbi. \u0110\u00e2y l\u00e0 kh\u1ea3 n\u0103ng c\u00f3 th\u1ec3 x\u1ea3y ra v\u00e0 y\u1ebfu t\u1ed1 n\u00e0y c\u00f3 th\u1ec3 h\u1ed7 tr\u1ee3 t\u00edch c\u1ef1c cho gi\u00e1 v\u00e0ng.<\/p>\n \n Th\u1ee9 hai, c\u00e1c bi\u1ebfn \u0111\u1ed9ng v\u00e0 b\u1ea5t \u1ed5n li\u00ean quan \u0111\u1ebfn ch\u00ednh s\u00e1ch th\u01b0\u01a1ng m\u1ea1i to\u00e0n c\u1ea7u, v\u1ed1n c\u0169ng th\u01b0\u1eddng th\u00fac \u0111\u1ea9y nhu c\u1ea7u \u0111\u1ed1i v\u1edbi c\u00e1c t\u00e0i s\u1ea3n tr\u00fa \u1ea9n nh\u01b0 v\u00e0ng.<\/p>\n \n V\u1edbi hai y\u1ebfu t\u1ed1 n\u00e0y, c\u00f3 th\u1ec3 k\u1ef3 v\u1ecdng r\u1eb1ng gi\u00e1 v\u00e0ng s\u1ebd ti\u1ebfp t\u1ee5c \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 trong th\u1eddi gian t\u1edbi. Thay v\u00ec ch\u1ec9 nh\u00ecn v\u00e0o c\u00e1c chu k\u1ef3 trong qu\u00e1 kh\u1ee9, ch\u00fang ta n\u00ean \u0111\u00e1nh gi\u00e1 th\u1ecb tr\u01b0\u1eddng d\u1ef1a tr\u00ean nh\u1eefng di\u1ec5n bi\u1ebfn th\u1ef1c t\u1ebf v\u00e0 c\u00e1c y\u1ebfu t\u1ed1 n\u1ec1n t\u1ea3ng \u0111ang hi\u1ec7n h\u1eefu.<\/p>\n V\u1ec1 tri\u1ec3n v\u1ecdng n\u0103m 2026, d\u00f9 gi\u00e1 v\u00e0ng \u0111ang \u0111i\u1ec1u ch\u1ec9nh sau khi v\u01b0\u1ee3t m\u1ed1c 5.000 USD\/ounce, c\u00e1c y\u1ebfu t\u1ed1 h\u1ed7 tr\u1ee3 v\u1eabn r\u1ea5t v\u1eefng ch\u1eafc. C\u0103ng th\u1eb3ng \u0111\u1ecba ch\u00ednh tr\u1ecb, r\u1ee7i ro th\u01b0\u01a1ng m\u1ea1i v\u00e0 \u0111\u1ed3n \u0111o\u00e1n quanh ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t c\u1ee7a Fed s\u1ebd ti\u1ebfp t\u1ee5c l\u00e0 \u0111\u1ed9ng l\u1ef1c ch\u00ednh. B\u00ean c\u1ea1nh \u0111\u00f3, bi\u1ebfn \u0111\u1ed9ng ng\u1eafn h\u1ea1n c\u0169ng l\u00e0 c\u01a1 h\u1ed9i \u0111\u1ec3 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed5 ch\u1ee9c v\u00e0 ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng t\u00edch l\u0169y. V\u00e0ng c\u1ea7n \u0111\u01b0\u1ee3c nh\u00ecn nh\u1eadn l\u00e0 t\u00e0i s\u1ea3n c\u00e2n b\u1eb1ng danh m\u1ee5c, thay v\u00ec ch\u1ec9 l\u00e0 c\u00f4ng c\u1ee5 \u0111\u1ea7u c\u01a1.<\/p>\n B\u00e1o S\u1ee9c Kh\u1ecfe \u0110\u1eddi S\u1ed1ng c\u0169ng \u0111\u0103ng t\u1ea3i b\u00e0i vi\u1ebft v\u1edbi ti\u00eau \u0111\u1ec1 \u201cGi\u00e1 v\u00e0ng h\u00f4m nay 3\/2: V\u00e0ng SJC, v\u00e0ng nh\u1eabn B\u1ea3o T\u00edn Minh Ch\u00e2u, B\u1ea3o T\u00edn M\u1ea1nh H\u1ea3i, Doji, Ph\u00fa Qu\u00fd ra sao?\u201d. N\u1ed9i dung nh\u01b0 sau: <\/p>\n <\/p>\n \n \n Gi\u00e1 v\u00e0ng nh\u1eabn tr\u01a1n c\u1ee7a B\u1ea3o T\u00edn Minh Ch\u00e2u t\u0103ng 6 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng \u1edf c\u1ea3 chi\u1ec1u mua v\u00e0o v\u00e0 b\u00e1n ra<\/p>\n K\u1ebf ho\u1ea1ch t\u00e0i ch\u00ednh<\/p>\n<\/figcaption><\/figure>\n M\u1edf c\u1eeda phi\u00ean giao d\u1ecbch 3\/2, gi\u00e1 v\u00e0ng mi\u1ebfng SJC \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh l\u00ean m\u1ee9c 170,5-173,5 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng (mua \u2013 b\u00e1n), t\u0103ng 7,5 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng \u1edf c\u1ea3 chi\u1ec1u mua v\u00e0o v\u00e0 b\u00e1n ra so v\u1edbi m\u1ee9c ch\u1ed1t h\u00f4m qua.<\/p>\n \n Gi\u00e1 v\u00e0ng SJC t\u1ea1i Ng\u00e2n h\u00e0ng ACB \u0111\u1ea7u gi\u1edd s\u00e1ng nay \u0111\u01b0\u1ee3c giao d\u1ecbch \u1edf m\u1ee9c 170,5-173,5 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng (mua v\u00e0o \u2013 b\u00e1n ra).<\/p>\n \u0110\u1ea7u gi\u1edd s\u00e1ng 3\/2, gi\u00e1 v\u00e0ng nh\u1eabn lo\u1ea1i 1-5 ch\u1ec9 c\u1ee7a SJC \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft \u1edf m\u1ee9c 170-173 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng (mua \u2013 b\u00e1n), t\u0103ng 7,5 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng \u1edf c\u1ea3 chi\u1ec1u mua v\u00e0o v\u00e0 b\u00e1n ra so v\u1edbi ch\u1ed1t phi\u00ean giao d\u1ecbch h\u00f4m qua.<\/p>\n \n T\u01b0\u01a1ng t\u1ef1, gi\u00e1 v\u00e0ng nh\u1eabn t\u1ea1i Doji t\u0103ng 7,2 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng \u1edf c\u1ea3 2 chi\u1ec1u so v\u1edbi m\u1ee9c ch\u1ed1t c\u1ee7a phi\u00ean giao d\u1ecbch h\u00f4m qua, giao d\u1ecbch \u1edf m\u1ee9c 170-173 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng (mua \u2013 b\u00e1n).<\/p>\n C\u00f2n gi\u00e1 v\u00e0ng nh\u1eabn tr\u01a1n c\u1ee7a B\u1ea3o T\u00edn Minh Ch\u00e2u t\u0103ng 6 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng \u1edf c\u1ea3 chi\u1ec1u mua v\u00e0o v\u00e0 b\u00e1n ra so v\u1edbi m\u1ee9c k\u1ebft h\u00f4m qua, giao d\u1ecbch \u1edf m\u1ee9c 170,5-173,5 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng (mua v\u00e0o \u2013 b\u00e1n ra).<\/p>\n \n Ng\u00e0y 2\/2, gi\u00e1 v\u00e0ng mi\u1ebfng SJC \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh xu\u1ed1ng m\u1ee9c 163-166 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng (mua \u2013 b\u00e1n), gi\u1ea3m 6 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng \u1edf c\u1ea3 chi\u1ec1u mua v\u00e0o v\u00e0 b\u00e1n ra so v\u1edbi m\u1ee9c ni\u00eam y\u1ebft cu\u1ed1i tu\u1ea7n tr\u01b0\u1edbc.<\/p>\n \n Tr\u1ed1ng & Nh\u1ea1c g\u00f5<\/p>\n Gi\u00e1 v\u00e0ng nh\u1eabn lo\u1ea1i 1-5 ch\u1ec9 c\u1ee7a SJC \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft \u1edf m\u1ee9c 162,5-165,5 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng (mua \u2013 b\u00e1n), gi\u1ea3m 5,5 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng \u1edf c\u1ea3 chi\u1ec1u mua v\u00e0o v\u00e0 b\u00e1n ra so v\u1edbi cu\u1ed1i tu\u1ea7n tr\u01b0\u1edbc.<\/p>\n Gi\u00e1 v\u00e0ng nh\u1eabn t\u1ea1i Doji giao d\u1ecbch \u1edf m\u1ee9c 162,8-165,8 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng (mua \u2013 b\u00e1n), gi\u1ea3m 5,5 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng \u1edf c\u1ea3 chi\u1ec1u mua v\u00e0o v\u00e0 b\u00e1n ra so v\u1edbi cu\u1ed1i tu\u1ea7n tr\u01b0\u1edbc.<\/p>\n Gi\u00e1 v\u00e0ng th\u1ebf gi\u1edbi s\u00e1ng nay \u0111\u1ea3o chi\u1ec1u t\u0103ng m\u1ea1nh. L\u00fac 8h45\u2032 ng\u00e0y 3\/2 (gi\u1edd Vi\u1ec7t Nam), gi\u00e1 v\u00e0ng th\u1ebf gi\u1edbi giao ngay \u1edf m\u1ee9c 4.845,6 USD\/ounce, t\u0103ng 179,6 USD\/ounce so v\u1edbi \u0111\u00eam qua.<\/p>\n S\u00e1ng 3\/2, v\u00e0ng th\u1ebf gi\u1edbi quy \u0111\u1ed5i theo gi\u00e1 USD ng\u00e2n h\u00e0ng \u1edf m\u1ee9c gi\u00e1 h\u01a1n 154 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng, \u0111\u00e3 bao g\u1ed3m thu\u1ebf v\u00e0 ph\u00ed, th\u1ea5p h\u01a1n kho\u1ea3ng 19,5 tri\u1ec7u \u0111\u1ed3ng\/l\u01b0\u1ee3ng so v\u1edbi gi\u00e1 v\u00e0ng\u00a0\u00a0trong<\/a>\u00a0n\u01b0\u1edbc.<\/p>\n T\u00ednh \u0111\u1ebfn 0h ng\u00e0y 3\/2, gi\u00e1 v\u00e0ng giao ngay r\u01a1i v\u1ec1 v\u00f9ng 4.666 USD\/ounce, gi\u1ea3m x\u1ea5p x\u1ec9 200 USD so v\u1edbi phi\u00ean tr\u01b0\u1edbc, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng m\u1ea5t h\u01a1n 4% gi\u00e1 tr\u1ecb.<\/p>\n \u0110\u1ebfn 23h27 ng\u00e0y 2\/2, gi\u00e1 v\u00e0ng giao ngay t\u1ee5t s\u00e2u xu\u1ed1ng 4.678 USD\/ounce, gi\u1ea3m t\u1edbi g\u1ea7n 4%.<\/p>\n \n L\u00fac 22h ng\u00e0y 2\/2 (theo gi\u1edd Vi\u1ec7t Nam), gi\u00e1 v\u00e0ng giao ngay tr\u00ean th\u1ecb tr\u01b0\u1eddng qu\u1ed1c t\u1ebf \u1edf m\u1ee9c 4.714 USD\/ounce. V\u00e0ng giao th\u00e1ng 2\/2026 tr\u00ean s\u00e0n Comex New York \u1edf m\u1ee9c 4.735 USD\/ounce.<\/p>\n \n Gi\u00e1 v\u00e0ng nh\u1eabn<\/p>\n N\u01b0\u1edbc gi\u1eb7t qu\u1ed1c d\u00e2n kh\u00f4ng c\u1ea7n n\u01b0\u1edbc x\u1ea3 v\u1eabn th\u01a1m, h\u01a1n 1,2 tri\u1ec7u ng\u01b0\u1eddi d\u00f9ng Shopee cho 5 sao!<\/p>\n![\"\"](\"https:\/\/i.ex-cdn.com\/danviet.vn\/files\/content\/2026\/02\/03\/gia-vang-the-gioi-0958.png\")
<\/figure>\nDi\u1ec5n bi\u1ebfn gi\u00e1 v\u00e0ng th\u1ebf gi\u1edbi\u00a0\u00a0trong<\/a>\u00a01 th\u00e1ng qua. Ngu\u1ed3n: Tradingeconomics.<\/strong><\/h2>\n
![\"\"](\"https:\/\/i.ex-cdn.com\/danviet.vn\/files\/content\/2026\/02\/03\/hdv-1028.jpg\")
<\/figure>\n![\"\"](\"https:\/\/i.ex-cdn.com\/danviet.vn\/files\/content\/2026\/01\/29\/gia-vang-hom-nay-0914.jpg\")
<\/figure>\n
\n<\/strong><\/p>\nGi\u00e1 v\u00e0ng h\u00f4m nay trong n\u01b0\u1edbc<\/strong><\/h2>\n
![\"Gi\u00e1](\"https:\/\/giadinh.mediacdn.vn\/thumb_w\/640\/296230595582509056\/2026\/2\/3\/vang-tienphong-vn-17700875450972076287110.jpeg\" "\\"Gi\u00e1")
<\/a><\/figure>\nGi\u00e1 v\u00e0ng h\u00f4m nay th\u1ebf gi\u1edbi<\/strong><\/h3>\n