{"id":9057,"date":"2026-01-27T01:52:10","date_gmt":"2026-01-27T01:52:10","guid":{"rendered":"https:\/\/www.mdwcc.com\/?p=9057"},"modified":"2026-01-27T01:52:14","modified_gmt":"2026-01-27T01:52:14","slug":"gold-targets-6000-the-investment-logic-behind-bank-of-americas-aggressive-forecast","status":"publish","type":"post","link":"https:\/\/www.mdwcc.com\/vi\/gold-targets-6000-the-investment-logic-behind-bank-of-americas-aggressive-forecast\/","title":{"rendered":"M\u1ee5c ti\u00eau v\u00e0ng 6.000 USD? Logic \u0111\u1ea7u t\u01b0 \u0111\u1eb1ng sau d\u1ef1 b\u00e1o t\u00edch c\u1ef1c c\u1ee7a Bank of America!"},"content":{"rendered":"

<\/a>Th\u1ecb tr\u01b0\u1eddng kim lo\u1ea1i qu\u00fd \u0111\u1ea1t m\u1ee9c cao k\u1ef7 l\u1ee5c<\/strong><\/p>\n

V\u00e0o s\u00e1ng th\u1ee9 Hai, v\u00e0ng giao ngay \u0111\u00e3 \u0111\u1ea1t \u0111\u01b0\u1ee3c kho\u1ea3nh kh\u1eafc l\u1ecbch s\u1eed, l\u1ea7n \u0111\u1ea7u ti\u00ean v\u01b0\u1ee3t qua m\u1ed1c 5.000 USD\/ounce. M\u1ee9c gi\u00e1 n\u00e0y xu\u1ea5t hi\u1ec7n ch\u1ec9 h\u01a1n 100 ng\u00e0y sau khi l\u1ea7n \u0111\u1ea7u ti\u00ean \u0111\u1ea1t m\u1ed1c 4.000 USD (ng\u00e0y 8 th\u00e1ng 10 n\u0103m 2025). T\u00ednh \u0111\u1ebfn th\u1eddi \u0111i\u1ec3m vi\u1ebft b\u00e0i, v\u00e0ng giao ngay \u0111ang giao d\u1ecbch \u1edf m\u1ee9c 5.086,50 USD\/ounce, m\u1ee9c t\u0103ng h\u00e0ng ng\u00e0y h\u01a1n 2%. Nh\u00ecn v\u00e0o bi\u1ec3u \u0111\u1ed3 15 ph\u00fat, v\u00e0ng giao ngay m\u1edf c\u1eeda \u1edf m\u1ee9c 5.075,04 USD\/ounce, \u0111\u1ea1t m\u1ee9c cao nh\u1ea5t l\u00e0 5.088,94 USD\/ounce, m\u1ee9c th\u1ea5p l\u00e0 5.072,57 USD\/ounce v\u00e0 cu\u1ed1i c\u00f9ng \u0111\u00f3ng c\u1eeda \u1edf m\u1ee9c 5.087,17 USD\/ounce.<\/p>\n

Trong khi \u0111\u00f3, b\u1ea1c giao ngay c\u0169ng t\u0103ng m\u1ea1nh, l\u1ea7n \u0111\u1ea7u ti\u00ean v\u01b0\u1ee3t qua m\u1ee9c 108 USD\/ounce, v\u1edbi m\u1ee9c t\u0103ng h\u00e0ng ng\u00e0y v\u01b0\u1ee3t qu\u00e1 5%. D\u1eef li\u1ec7u bi\u1ec3u \u0111\u1ed3 15 ph\u00fat cho th\u1ea5y b\u1ea1c giao ngay m\u1edf c\u1eeda \u1edf m\u1ee9c 107,998 USD\/ounce, \u0111\u1ea1t m\u1ee9c cao nh\u1ea5t l\u00e0 108,459 USD\/ounce v\u00e0 m\u1ee9c th\u1ea5p l\u00e0 107,971 USD\/ounce, cu\u1ed1i c\u00f9ng \u0111\u00f3ng c\u1eeda \u1edf m\u1ee9c 108,398 USD\/ounce. Trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng kim lo\u1ea1i qu\u00fd t\u0103ng gi\u00e1 n\u00e0y, c\u00e1c th\u1ecb tr\u01b0\u1eddng kh\u00e1c cho th\u1ea5y di\u1ec5n bi\u1ebfn tr\u00e1i chi\u1ec1u. H\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai ch\u1ee9ng kho\u00e1n M\u1ef9 suy y\u1ebfu, v\u1edbi h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai Nasdaq gi\u1ea3m t\u1edbi 1,1% trong phi\u00ean giao d\u1ecbch \u0111\u1ea7u ng\u00e0y th\u1ee9 Hai v\u00e0 h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai S&P 500 gi\u1ea3m 0,75%. H\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai kh\u00ed \u0111\u1ed1t t\u1ef1 nhi\u00ean c\u1ee7a M\u1ef9 t\u0103ng 16% do m\u1eb7t tr\u1eadn l\u1ea1nh \u1edf B\u1eafc C\u1ef1c.<\/p>\n

\"h\u00ecnh<\/p>\n

<\/a>Y\u1ebfu t\u1ed1 c\u1ed1t l\u00f5i th\u00fac \u0111\u1ea9y gi\u00e1 kim lo\u1ea1i qu\u00fd t\u0103ng<\/strong><\/p>\n

Vi\u1ec7c c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng t\u0103ng c\u01b0\u1eddng mua v\u00e0ng, c\u0103ng th\u1eb3ng \u0111\u1ecba ch\u00ednh tr\u1ecb to\u00e0n c\u1ea7u leo \u200b\u200bthang v\u00e0 s\u1ef1 b\u1ea5t \u1ed5n v\u1ec1 kinh t\u1ebf l\u00e0 nh\u1eefng y\u1ebfu t\u1ed1 kinh t\u1ebf v\u0129 m\u00f4 c\u1ed1t l\u00f5i th\u00fac \u0111\u1ea9y gi\u00e1 kim lo\u1ea1i qu\u00fd t\u0103ng l\u00ean trong nh\u1eefng n\u0103m g\u1ea7n \u0111\u00e2y. Nh\u1eefng y\u1ebfu t\u1ed1 n\u00e0y \u0111\u00e3 c\u00f9ng nhau n\u00e2ng cao s\u1ee9c h\u1ea5p d\u1eabn c\u1ee7a n\u01a1i tr\u00fa \u1ea9n an to\u00e0n nh\u01b0 v\u00e0ng v\u00e0 b\u1ea1c, thu h\u00fat m\u1ed9t l\u01b0\u1ee3ng v\u1ed1n l\u1edbn. Colin Cieszynski, gi\u00e1m \u0111\u1ed1c chi\u1ebfn l\u01b0\u1ee3c th\u1ecb tr\u01b0\u1eddng t\u1ea1i SIA Wealth Management, c\u0169ng ch\u1ec9 ra r\u1eb1ng s\u1ef1 suy y\u1ebfu li\u00ean t\u1ee5c c\u1ee7a \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9 c\u00f3 th\u1ec3 l\u00e0 \u0111\u1ed9ng l\u1ef1c l\u1edbn nh\u1ea5t th\u00fac \u0111\u1ea9y s\u1ef1 t\u0103ng gi\u00e1 c\u1ee7a v\u00e0ng. Chris Vecchio, ng\u01b0\u1eddi \u0111\u1ee9ng \u0111\u1ea7u chi\u1ebfn l\u01b0\u1ee3c t\u01b0\u01a1ng lai v\u00e0 ngo\u1ea1i h\u1ed1i t\u1ea1i Tastylive.com, tuy\u00ean b\u1ed1 r\u1eb1ng uy t\u00edn c\u1ee7a \u0111\u1ed3ng \u0111\u00f4 la \u0111\u00e3 b\u1ecb lung lay v\u00e0 n\u00f3 kh\u00f4ng c\u00f2n l\u00e0 l\u1ef1a ch\u1ecdn tuy\u1ec7t \u0111\u1ed1i \u0111\u1ea7u ti\u00ean cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p>\n

Nhu c\u1ea7u th\u1ecb tr\u01b0\u1eddng m\u1ea1nh m\u1ebd \u0111\u1ed1i v\u1edbi c\u00e1c t\u00e0i s\u1ea3n kh\u00f4ng b\u1ecb r\u00e0ng bu\u1ed9c b\u1edfi h\u1ec7 th\u1ed1ng ti\u1ec1n t\u1ec7 truy\u1ec1n th\u1ed1ng \u0111ang th\u00fac \u0111\u1ea9y c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 h\u01b0\u1edbng t\u1edbi c\u00e1c t\u00e0i s\u1ea3n v\u1eadt ch\u1ea5t thay th\u1ebf nh\u01b0 v\u00e0ng v\u00e0 b\u1ea1c. Gi\u00e1 b\u1ea1c t\u0103ng c\u0169ng \u0111\u01b0\u1ee3c cho l\u00e0 do \u0111\u1ed9ng l\u1ef1c cung v\u00e0 c\u1ea7u \u0111\u1ed9c \u0111\u00e1o. S\u1ef1 ph\u00e1t tri\u1ec3n c\u1ee7a c\u00e1c c\u00f4ng ngh\u1ec7 xanh nh\u01b0 n\u0103ng l\u01b0\u1ee3ng m\u1eb7t tr\u1eddi v\u00e0 xe \u0111i\u1ec7n, c\u0169ng nh\u01b0 tr\u00ed tu\u1ec7 nh\u00e2n t\u1ea1o, ti\u1ebfp t\u1ee5c th\u00fac \u0111\u1ea9y nhu c\u1ea7u b\u1ea1c trong c\u00f4ng nghi\u1ec7p. \u0110\u1ed3ng th\u1eddi, th\u1ecb tr\u01b0\u1eddng b\u1ea1c ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi t\u00ecnh tr\u1ea1ng thi\u1ebfu h\u1ee5t ngu\u1ed3n cung c\u01a1 c\u1ea5u v\u00e0 t\u00ecnh tr\u1ea1ng thi\u1ebfu h\u1ee5t ngu\u1ed3n cung kh\u00f3 c\u00f3 th\u1ec3 gi\u1ea3m b\u1edbt m\u1ed9t c\u00e1ch hi\u1ec7u qu\u1ea3, c\u00e0ng \u0111\u1ea9y gi\u00e1 l\u00ean cao.<\/p>\n

<\/a>\u0110\u00e1nh gi\u00e1 c\u1ee7a c\u00e1c nh\u00e0 ph\u00e2n t\u00edch ng\u00e0nh v\u1ec1 xu h\u01b0\u1edbng ng\u1eafn h\u1ea1n c\u1ee7a kim lo\u1ea1i qu\u00fd<\/strong><\/p>\n

Cu\u1ed9c kh\u1ea3o s\u00e1t v\u00e0ng h\u00e0ng tu\u1ea7n m\u1edbi nh\u1ea5t c\u1ee7a Kitco News cho th\u1ea5y Ph\u1ed1 Wall c\u1ef1c k\u1ef3 l\u1ea1c quan v\u1ec1 tri\u1ec3n v\u1ecdng ng\u1eafn h\u1ea1n c\u1ee7a v\u00e0ng, trong khi xu h\u01b0\u1edbng t\u0103ng gi\u00e1 c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 b\u00e1n l\u1ebb \u0111\u00e3 gi\u1ea3m \u0111i. C\u00e1c nh\u00e0 ph\u00e2n t\u00edch l\u1ea1c quan tin r\u1eb1ng v\u00e0ng v\u1eabn c\u00f2n d\u01b0 \u0111\u1ecba \u0111\u1ec3 t\u0103ng trong ng\u1eafn h\u1ea1n. Rich Checkan, ch\u1ee7 t\u1ecbch v\u00e0 COO c\u1ee7a Asset Strategies International, tuy\u00ean b\u1ed1 r\u1eb1ng c\u0103ng th\u1eb3ng \u0111\u1ecba ch\u00ednh tr\u1ecb, lo ng\u1ea1i v\u1ec1 \u1ea3nh h\u01b0\u1edfng ch\u00ednh tr\u1ecb c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang v\u00e0 lo l\u1eafng v\u1ec1 \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu v\u00e0 \u0111\u1ed9ng l\u1ef1c h\u00e0ng h\u00f3a \u0111\u1ec1u s\u1ebd \u0111\u1ea9y gi\u00e1 v\u00e0ng l\u00ean cao h\u01a1n v\u00e0 kh\u00f4ng c\u00f3 s\u1ef1 s\u1ee5t gi\u1ea3m n\u00e0o trong ng\u1eafn h\u1ea1n. James Stanley, chi\u1ebfn l\u01b0\u1ee3c gia th\u1ecb tr\u01b0\u1eddng c\u1ea5p cao t\u1ea1i Forex.com, \u0111\u00e3 ch\u1ec9 ra r\u1eb1ng m\u1ee9c 5.000 USD c\u00f3 th\u1ec3 l\u00e0m ch\u1eadm t\u1ed1c \u0111\u1ed9 t\u0103ng gi\u00e1 c\u1ee7a v\u00e0ng ho\u1eb7c th\u1eadm ch\u00ed g\u00e2y ra m\u1ed9t \u0111\u1ee3t tho\u00e1i lui nh\u1eb9, nh\u01b0ng kh\u00f4ng c\u00f3 b\u1eb1ng ch\u1ee9ng n\u00e0o cho th\u1ea5y ng\u01b0\u1eddi mua \u0111\u00e3 r\u1eddi kh\u1ecfi th\u1ecb tr\u01b0\u1eddng. Ph\u1ea3n \u1ee9ng c\u1ee7a v\u00e0ng \u0111\u1ed1i v\u1edbi m\u1ee9c 4.900 USD trong \u0111\u1ee3t tho\u00e1i lui ch\u1ee9ng t\u1ecf r\u1eb1ng n\u00f3 v\u1eabn c\u00f2n d\u01b0 \u0111\u1ecba \u0111\u1ec3 t\u0103ng.<\/p>\n

\"\u1ea2nh<\/p>\n

C\u00e1c nh\u00e0 ph\u00e2n t\u00edch trung l\u1eadp tin r\u1eb1ng xu h\u01b0\u1edbng trung v\u00e0 d\u00e0i h\u1ea1n c\u1ee7a v\u00e0ng l\u00e0 t\u00edch c\u1ef1c, m\u1eb7c d\u00f9 c\u00f3 th\u1ec3 c\u00f3 bi\u1ebfn \u0111\u1ed9ng ng\u1eafn h\u1ea1n. Colin Cieszynski, Gi\u00e1m \u0111\u1ed1c chi\u1ebfn l\u01b0\u1ee3c th\u1ecb tr\u01b0\u1eddng t\u1ea1i SIA Wealth Management, gi\u1eef quan \u0111i\u1ec3m trung l\u1eadp, k\u1ef3 v\u1ecdng c\u00e1c y\u1ebfu t\u1ed1 th\u00fac \u0111\u1ea9y s\u1ef1 t\u0103ng gi\u00e1 trong trung v\u00e0 d\u00e0i h\u1ea1n c\u1ee7a v\u00e0ng s\u1ebd ti\u1ebfp t\u1ee5c t\u1ed3n t\u1ea1i, trong khi c\u00e1c y\u1ebfu t\u1ed1 ng\u1eafn h\u1ea1n nh\u01b0 s\u1ef1 ph\u00e1t tri\u1ec3n \u1edf Greenland s\u1ebd t\u1ea1o th\u00eam \u0111\u1ed9ng l\u1ef1c. V\u1ec1 th\u1ecb tr\u01b0\u1eddng b\u1ea1c, h\u1ea7u h\u1ebft c\u00e1c nh\u00e0 ph\u00e2n t\u00edch \u0111\u1ec1u l\u1ea1c quan v\u1ec1 \u0111\u00e0 t\u0103ng ng\u1eafn h\u1ea1n c\u1ee7a n\u00f3, \u0111\u1ed3ng th\u1eddi c\u1ea3nh b\u00e1o r\u1ee7i ro bi\u1ebfn \u0111\u1ed9ng cao. Paul Williams, Gi\u00e1m \u0111\u1ed1c \u0111i\u1ec1u h\u00e0nh t\u1ea1i Solomon Global, ch\u1ec9 ra r\u1eb1ng \u0111\u00e0 t\u0103ng c\u1ee7a b\u1ea1c s\u1ebd \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi nhi\u1ec1u y\u1ebfu t\u1ed1, bao g\u1ed3m nhu c\u1ea7u ng\u00e0y c\u00e0ng t\u0103ng c\u1ee7a ng\u00e0nh, l\u00e3i su\u1ea5t \u0111\u1ea7u t\u01b0 b\u00e1n l\u1ebb t\u0103ng, s\u1ee9c h\u1ea5p d\u1eabn tr\u00fa \u1ea9n an to\u00e0n t\u0103ng l\u00ean v\u00e0 th\u00e2m h\u1ee5t ngu\u1ed3n cung ng\u00e0y c\u00e0ng t\u0103ng. Do gi\u00e1 v\u00e0ng cao, b\u1ea1c \u0111\u00e3 tr\u1edf th\u00e0nh m\u1ed9t c\u00e1ch thu\u1eadn ti\u1ec7n cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00f3i chung tham gia v\u00e0o th\u1ecb tr\u01b0\u1eddng kim lo\u1ea1i qu\u00fd t\u0103ng tr\u01b0\u1edfng.<\/p>\n

Tuy nhi\u00ean, t\u00ednh bi\u1ebfn \u0111\u1ed9ng cao c\u1ee7a b\u1ea1c \u0111\u00f2i h\u1ecfi ph\u1ea3i th\u1eadn tr\u1ecdng. Paul Williams tuy\u00ean b\u1ed1 r\u1eb1ng gi\u00e1 b\u1ea1c c\u00f3 th\u1ec3 dao \u0111\u1ed9ng l\u00ean t\u1edbi 10% h\u00e0ng ng\u00e0y v\u00e0 gi\u00e1 c\u00e0ng cao th\u00ec kh\u1ea3 n\u0103ng bi\u1ebfn \u0111\u1ed9ng c\u00e0ng l\u1edbn; vi\u1ec7c thu l\u1ee3i nhu\u1eadn s\u1ebd l\u00e0m gi\u1ea3m s\u1ee9c h\u1ea5p d\u1eabn c\u1ee7a n\u00f3. Chris Vecchio v\u00e0 Michele Schneider, gi\u00e1m \u0111\u1ed1c chi\u1ebfn l\u01b0\u1ee3c th\u1ecb tr\u01b0\u1eddng t\u1ea1i MarketGauge, \u0111\u1ec1u \u0111\u00e3 \u0111\u00f3ng m\u1ed9t s\u1ed1 v\u1ecb th\u1ebf b\u1ea1c c\u1ee7a m\u00ecnh \u0111\u1ec3 gi\u1ea3m thi\u1ec3u r\u1ee7i ro bi\u1ebfn \u0111\u1ed9ng. Chris Vecchio c\u0169ng ch\u1ec9 ra r\u1eb1ng \u0111\u01b0\u1eddng trung b\u00ecnh \u0111\u1ed9ng trong m\u1ed9t tu\u1ea7n l\u00e0 95 USD\/ounce l\u00e0 m\u1ed9t m\u1ee9c quan tr\u1ecdng c\u1ea7n theo d\u00f5i; mi\u1ec5n l\u00e0 b\u1ea1c c\u00f3 th\u1ec3 duy tr\u00ec tr\u00ean 85 USD\/ounce v\u00e0o cu\u1ed1i th\u00e1ng 1, xu h\u01b0\u1edbng t\u0103ng t\u1ed5ng th\u1ec3 s\u1ebd t\u01b0\u01a1ng \u0111\u1ed1i \u1ed5n \u0111\u1ecbnh.<\/p>\n

<\/a>Bank of America n\u00e2ng m\u1ee5c ti\u00eau gi\u00e1 v\u00e0ng l\u00ean 6.000 USD.<\/strong><\/p>\n

Ngay khi th\u1ecb tr\u01b0\u1eddng \u0111ang \u0103n m\u1eebng gi\u00e1 v\u00e0ng v\u01b0\u1ee3t qua m\u1ee9c 5.000 USD, Bank of America \u0111\u00e3 \u0111\u01b0a ra m\u1ed9t d\u1ef1 b\u00e1o t\u00edch c\u1ef1c, n\u00e2ng gi\u00e1 m\u1ee5c ti\u00eau ng\u1eafn h\u1ea1n \u0111\u1ed1i v\u1edbi v\u00e0ng l\u00ean 6.000 USD\/ounce, m\u1ed9t m\u1ee9c v\u01b0\u1ee3t xa k\u1ef3 v\u1ecdng c\u1ee7a c\u00e1c t\u1ed5 ch\u1ee9c l\u1edbn kh\u00e1c. Nh\u00e0 ph\u00e2n t\u00edch Michael Hartnett c\u1ee7a Bank of America cho bi\u1ebft trong m\u1ed9t b\u00e1o c\u00e1o r\u1eb1ng trong b\u1ed1n th\u1ecb tr\u01b0\u1eddng gi\u00e1 v\u00e0ng v\u1eeba qua, gi\u00e1 v\u00e0ng \u0111\u00e3 t\u0103ng trung b\u00ecnh 300% trong 43 th\u00e1ng. Quy t\u1eafc n\u00e0y cho th\u1ea5y gi\u00e1 v\u00e0ng d\u1ef1 ki\u1ebfn \u200b\u200bs\u1ebd \u0111\u1ea1t 6.000 USD\/ounce v\u00e0o m\u00f9a xu\u00e2n n\u0103m 2026, th\u1ec3 hi\u1ec7n m\u1ee9c t\u0103ng th\u00eam h\u01a1n 20% so v\u1edbi m\u1ee9c cao nh\u1ea5t m\u1ecdi th\u1eddi \u0111\u1ea1i hi\u1ec7n t\u1ea1i.<\/p>\n

\"h\u00ecnh<\/p>\n

Theo Michael Widmer, ng\u01b0\u1eddi \u0111\u1ee9ng \u0111\u1ea7u b\u1ed9 ph\u1eadn nghi\u00ean c\u1ee9u kim lo\u1ea1i t\u1ea1i Bank of America, v\u00e0ng s\u1ebd v\u1eabn l\u00e0 kho\u1ea3n ph\u00e2n b\u1ed5 quan tr\u1ecdng trong danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0o n\u0103m 2026. \u0110\u00e1nh gi\u00e1 c\u1ee7a \u00f4ng d\u1ef1a tr\u00ean d\u1ef1 \u0111o\u00e1n v\u1ec1 ngu\u1ed3n cung gi\u1ea3m v\u00e0 chi ph\u00ed t\u0103ng trong ng\u00e0nh v\u00e0ng. \u00d4ng k\u1ef3 v\u1ecdng 13 c\u00f4ng ty khai th\u00e1c v\u00e0ng l\u1edbn \u1edf B\u1eafc M\u1ef9 s\u1ebd s\u1ea3n xu\u1ea5t 19,2 tri\u1ec7u ounce v\u00e0ng v\u00e0o n\u0103m 2026, gi\u1ea3m 2% so v\u1edbi n\u0103m 2025. \u0110\u1ed3ng th\u1eddi, t\u1ed5ng chi ph\u00ed duy tr\u00ec trung b\u00ecnh cho c\u00e1c m\u1ecf v\u00e0ng d\u1ef1 ki\u1ebfn \u200b\u200bs\u1ebd t\u0103ng 3% l\u00ean kho\u1ea3ng 1.600 USD\/ounce. V\u1edbi chi ph\u00ed ng\u00e0y c\u00e0ng t\u0103ng v\u00e0 gi\u00e1 cao h\u01a1n, t\u1ed5ng EBITDA c\u1ee7a c\u00e1c c\u00f4ng ty khai th\u00e1c v\u00e0ng \u0111\u01b0\u1ee3c d\u1ef1 \u0111o\u00e1n s\u1ebd t\u0103ng 41% v\u00e0o n\u0103m 2026, \u0111\u1ea1t kho\u1ea3ng 65 t\u1ef7 USD.<\/p>\n

V\u1ec1 ti\u1ec1m n\u0103ng d\u00e0i h\u1ea1n c\u1ee7a b\u1ea1c, Michael Weider tin r\u1eb1ng n\u00f3 ph\u00f9 h\u1ee3p h\u01a1n v\u1edbi nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1eb5n s\u00e0ng ch\u1ea5p nh\u1eadn r\u1ee7i ro cao h\u01a1n \u0111\u1ec3 c\u00f3 \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn cao h\u01a1n. T\u1ef7 l\u1ec7 v\u00e0ng-b\u1ea1c hi\u1ec7n t\u1ea1i kho\u1ea3ng 59 cho th\u1ea5y b\u1ea1c v\u1eabn c\u00f3 ti\u1ec1m n\u0103ng v\u01b0\u1ee3t tr\u1ed9i h\u01a1n v\u00e0ng. \u00d4ng tr\u00edch d\u1eabn d\u1eef li\u1ec7u l\u1ecbch s\u1eed, l\u01b0u \u00fd r\u1eb1ng t\u1ef7 l\u1ec7 v\u00e0ng-b\u1ea1c \u0111\u00e3 gi\u1ea3m xu\u1ed1ng m\u1ee9c th\u1ea5p nh\u1ea5t l\u00e0 32 v\u00e0o n\u0103m 2011, m\u00e0 n\u1ebfu ngo\u1ea1i suy s\u1ebd cho ph\u00e9p b\u1ea1c \u0111\u1ea1t m\u1ee9c cao nh\u1ea5t l\u00e0 135 USD\/ounce; v\u00e0o n\u0103m 1980, t\u1ef7 l\u1ec7 n\u00e0y th\u1eadm ch\u00ed c\u00f2n gi\u1ea3m xu\u1ed1ng c\u00f2n 14, t\u01b0\u01a1ng \u1ee9ng v\u1edbi gi\u00e1 b\u1ea1c c\u00f3 kh\u1ea3 n\u0103ng \u0111\u1ea1t t\u1edbi 309 USD\/ounce.<\/p>\n

<\/a>Khuy\u1ebfn ngh\u1ecb c\u1ed1t l\u00f5i v\u1ec1 ph\u00e2n b\u1ed5 \u0111\u1ea7u t\u01b0 kim lo\u1ea1i qu\u00fd<\/strong><\/p>\n

T\u1eeb g\u00f3c \u0111\u1ed9 ph\u00e2n b\u1ed5 t\u00e0i s\u1ea3n, v\u1eabn c\u00f2n d\u01b0 \u0111\u1ecba \u0111\u00e1ng k\u1ec3 \u0111\u1ec3 c\u1ea3i thi\u1ec7n vi\u1ec7c ph\u00e2n b\u1ed5 v\u00e0ng. Michael Widmer ch\u1ec9 ra r\u1eb1ng trong khi v\u00e0ng chi\u1ebfm kho\u1ea3ng 4% t\u1ed5ng th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh th\u00ec c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 gi\u00e1 tr\u1ecb r\u00f2ng cao trong l\u0129nh v\u1ef1c \u0111\u1ea7u t\u01b0 chuy\u00ean nghi\u1ec7p ch\u1ec9 ph\u00e2n b\u1ed5 0,5% t\u00e0i s\u1ea3n c\u1ee7a h\u1ecd cho v\u00e0ng. Ph\u00e2n t\u00edch d\u1eef li\u1ec7u cho th\u1ea5y r\u1eb1ng, v\u1edbi \u0111i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng k\u1ec3 t\u1eeb n\u0103m 2020, m\u1ee9c ph\u00e2n b\u1ed5 v\u00e0ng c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 b\u00e1n l\u1ebb ph\u1ea3i cao h\u01a1n nhi\u1ec1u so v\u1edbi 20% v\u00e0 m\u1ee9c ph\u00e2n b\u1ed5 30% hi\u1ec7n t\u1ea1i l\u00e0 h\u1ee3p l\u00fd. C\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng tr\u00ean th\u1ebf gi\u1edbi c\u0169ng c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c h\u01b0\u1edfng l\u1ee3i t\u1eeb vi\u1ec7c ph\u00e2n b\u1ed5 v\u00e0ng.<\/p>\n

\"h\u00ecnh<\/p>\n

Michael Widmer d\u1ef1 \u0111o\u00e1n ngay c\u1ea3 khi d\u1ef1 tr\u1eef v\u00e0ng c\u1ee7a c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng \u0111\u1ea1t c\u1ed9t m\u1ed1c quan tr\u1ecdng v\u00e0o n\u0103m 2025, ho\u1ea1t \u0111\u1ed9ng mua v\u00e0ng c\u1ee7a h\u1ecd s\u1ebd kh\u00f4ng d\u1eebng l\u1ea1i. Hi\u1ec7n t\u1ea1i, v\u00e0ng chi\u1ebfm trung b\u00ecnh 15% t\u1ed5ng d\u1ef1 tr\u1eef c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng v\u00e0 t\u00ednh to\u00e1n m\u00f4 h\u00ecnh cho th\u1ea5y t\u1ef7 l\u1ec7 n\u00e0y s\u1ebd v\u00e0o kho\u1ea3ng 30% \u0111\u1ec3 ph\u00e2n b\u1ed5 d\u1ef1 tr\u1eef c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng \u0111\u01b0\u1ee3c t\u1ed1i \u01b0u h\u00f3a ho\u00e0n to\u00e0n. C\u1ea3 danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng v\u00e0 danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u1ee7a t\u1ed5 ch\u1ee9c \u0111\u1ec1u c\u00f3 th\u1ec3 c\u1ea3i thi\u1ec7n s\u1ef1 \u1ed5n \u0111\u1ecbnh th\u00f4ng qua chi\u1ebfn l\u01b0\u1ee3c \u0111a d\u1ea1ng h\u00f3a ph\u00e2n b\u1ed5 v\u00e0ng.<\/p>\n

V\u1ec1 c\u00e1c y\u1ebfu t\u1ed1 ch\u00ednh \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn gi\u00e1 kim lo\u1ea1i qu\u00fd, Michael Widmer nh\u1ea5n m\u1ea1nh r\u1eb1ng s\u1ef1 k\u1ebft th\u00fac c\u1ee7a th\u1ecb tr\u01b0\u1eddng gi\u00e1 l\u00ean v\u00e0ng th\u01b0\u1eddng x\u1ea3y ra sau khi c\u00e1c \u0111\u1ed9ng l\u1ef1c c\u01a1 b\u1ea3n ban \u0111\u1ea7u c\u1ee7a \u0111\u00e0 t\u0103ng m\u1edd d\u1ea7n ch\u1ee9 kh\u00f4ng ch\u1ec9 \u0111\u01a1n gi\u1ea3n l\u00e0 do gi\u00e1 t\u0103ng. \u00d4ng tin r\u1eb1ng ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 c\u1ee7a M\u1ef9 s\u1ebd l\u00e0 nh\u00e2n t\u1ed1 ch\u00ednh \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn gi\u00e1 v\u00e0ng trong n\u0103m 2026. C\u00e1c m\u00f4 h\u00ecnh cho th\u1ea5y trong nh\u1eefng giai \u0111o\u1ea1n ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 n\u1edbi l\u1ecfng, khi l\u1ea1m ph\u00e1t tr\u00ean 2%, gi\u00e1 v\u00e0ng t\u0103ng trung b\u00ecnh 13%. Th\u1ecb tr\u01b0\u1eddng th\u1eadm ch\u00ed kh\u00f4ng c\u1ea7n th\u1ea5y C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang c\u00f4ng b\u1ed1 c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t t\u1ea1i m\u1ed7i cu\u1ed9c h\u1ecdp; ch\u1ec9 c\u1ea7n x\u00e1c nh\u1eadn r\u1eb1ng l\u00e3i su\u1ea5t \u0111ang c\u00f3 xu h\u01b0\u1edbng gi\u1ea3m l\u00e0 \u0111\u1ee7 \u0111\u1ec3 h\u1ed7 tr\u1ee3 gi\u00e1 v\u00e0ng cao h\u01a1n.<\/p>","protected":false},"excerpt":{"rendered":"

V\u00e0ng v\u00e0 b\u1ea1c \u0111\u1ea1t m\u1ee9c cao k\u1ef7 l\u1ee5c do b\u1ea5t \u1ed5n v\u0129 m\u00f4, nhu c\u1ea7u c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng v\u00e0 h\u1ea1n ch\u1ebf v\u1ec1 ngu\u1ed3n cung th\u00fac \u0111\u1ea9y th\u1ecb tr\u01b0\u1eddng kim lo\u1ea1i qu\u00fd t\u0103ng gi\u00e1 m\u1ea1nh m\u1ebd.<\/p>","protected":false},"author":1,"featured_media":9058,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[115],"tags":[540,338,541],"class_list":["post-9057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-gold-price-record-high","tag-precious-metals-bull-market","tag-silver-price-surge"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts\/9057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/comments?post=9057"}],"version-history":[{"count":1,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts\/9057\/revisions"}],"predecessor-version":[{"id":9063,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts\/9057\/revisions\/9063"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/media\/9058"}],"wp:attachment":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/media?parent=9057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/categories?post=9057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/tags?post=9057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}