{"id":9287,"date":"2026-03-30T09:10:55","date_gmt":"2026-03-30T09:10:55","guid":{"rendered":"https:\/\/www.mdwcc.com\/?p=9287"},"modified":"2026-03-30T09:10:58","modified_gmt":"2026-03-30T09:10:58","slug":"trumps-policy-shift-is-driving-oil-price-volatility-and-commodity-funds-are-experiencing-record-outflows","status":"publish","type":"post","link":"https:\/\/www.mdwcc.com\/vi\/trumps-policy-shift-is-driving-oil-price-volatility-and-commodity-funds-are-experiencing-record-outflows\/","title":{"rendered":"S\u1ef1 thay \u0111\u1ed5i ch\u00ednh s\u00e1ch c\u1ee7a \u00f4ng Trump \u0111ang g\u00e2y ra s\u1ef1 bi\u1ebfn \u0111\u1ed9ng v\u1ec1 gi\u00e1 d\u1ea7u, v\u00e0 c\u00e1c qu\u1ef9 \u0111\u1ea7u t\u01b0 h\u00e0ng h\u00f3a \u0111ang ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi t\u00ecnh tr\u1ea1ng d\u00f2ng v\u1ed1n r\u00fat ra k\u1ef7 l\u1ee5c"},"content":{"rendered":"<p>ACE Markets t\u1eadn d\u1ee5ng h\u1ec7 th\u1ed1ng gi\u00e1m s\u00e1t r\u1ee7i ro \u0111\u1ecba ch\u00ednh tr\u1ecb, m\u00f4 h\u00ecnh theo d\u00f5i gi\u00e1 n\u0103ng l\u01b0\u1ee3ng, c\u01a1 s\u1edf d\u1eef li\u1ec7u d\u00f2ng v\u1ed1n qu\u1ef9 ETF to\u00e0n c\u1ea7u v\u00e0 m\u00f4 h\u00ecnh truy\u1ec1n t\u1ea3i \u00e1p l\u1ef1c xuy\u00ean t\u00e0i s\u1ea3n \u0111\u1ec3 ti\u1ebfn h\u00e0nh ph\u00e2n t\u00edch to\u00e0n di\u1ec7n v\u1ec1 th\u1ecb tr\u01b0\u1eddng n\u0103ng l\u01b0\u1ee3ng v\u00e0 t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u c\u0169ng nh\u01b0 d\u00f2ng v\u1ed1n trong b\u1ed1i c\u1ea3nh xung \u0111\u1ed9t t\u1ea1i Trung \u0110\u00f4ng. Logic c\u1ed1t l\u00f5i c\u1ee7a th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i \u0111\u00e3 thay \u0111\u1ed5i c\u01a1 b\u1ea3n: c\u00e1c tuy\u00ean b\u1ed1 ch\u00ednh s\u00e1ch c\u1ee7a ch\u00ednh quy\u1ec1n Trump b\u1ecb h\u1ea1n ch\u1ebf b\u1edfi nhi\u1ec1u \u201c\u0111i\u1ec3m nh\u1ee9c nh\u1ed1i\u201d, bao g\u1ed3m gi\u00e1 d\u1ea7u, l\u1ea1m ph\u00e1t, l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu kho b\u1ea1c M\u1ef9 v\u00e0 d\u01b0 lu\u1eadn, v\u1edbi nh\u1eefng ph\u00e1t ng\u00f4n tr\u00ean m\u1ea1ng x\u00e3 h\u1ed9i tr\u1edf th\u00e0nh \u0111\u1ed9ng l\u1ef1c ch\u00ednh g\u00e2y ra s\u1ef1 bi\u1ebfn \u0111\u1ed9ng gi\u00e1 d\u1ea7u. \u0110\u1ed3ng th\u1eddi, c\u00e1c ETF h\u00e0ng h\u00f3a to\u00e0n c\u1ea7u \u0111\u00e3 tr\u1ea3i qua \u0111\u1ee3t r\u00fat v\u1ed1n h\u00e0ng th\u00e1ng l\u1edbn nh\u1ea5t k\u1ec3 t\u1eeb khi b\u1eaft \u0111\u1ea7u ghi nh\u1eadn v\u00e0o n\u0103m 2005, ho\u00e0n to\u00e0n \u0111\u1ea3o ng\u01b0\u1ee3c logic v\u1ec1 t\u00e0i s\u1ea3n tr\u00fa \u1ea9n an to\u00e0n. V\u00e0ng \u0111\u00e3 ch\u1ee9ng ki\u1ebfn l\u01b0\u1ee3ng r\u00fat v\u1ed1n kh\u1ed5ng l\u1ed3, trong khi d\u1ea7u th\u00f4 l\u1ea1i \u0111i ng\u01b0\u1ee3c xu h\u01b0\u1edbng, v\u00e0 th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 b\u01b0\u1edbc v\u00e0o giai \u0111o\u1ea1n bi\u1ebfn \u0111\u1ed9ng c\u1ef1c \u0111\u1ed9 c\u00f9ng s\u1ef1 s\u1ee5p \u0111\u1ed5 c\u1ee7a k\u1ef3 v\u1ecdng. ACE Markets, th\u00f4ng qua vi\u1ec7c x\u00e1c th\u1ef1c ch\u00e9o d\u1eef li\u1ec7u \u0111a chi\u1ec1u, \u0111\u00e3 n\u1eafm b\u1eaft \u0111\u01b0\u1ee3c c\u00e1c t\u00edn hi\u1ec7u \u0111\u1ea3o chi\u1ec1u c\u1ee7a th\u1ecb tr\u01b0\u1eddng t\u1eeb s\u1edbm, l\u00e0m r\u00f5 c\u00e1c y\u1ebfu t\u1ed1 th\u00fac \u0111\u1ea9y c\u1ed1t l\u00f5i v\u00e0 ranh gi\u1edbi r\u1ee7i ro c\u1ee7a \u0111\u1ee3t bi\u1ebfn \u0111\u1ed9ng n\u00e0y cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p>\n<p><a id=\"post-9287-heading_0\"><\/a><strong>C\u00e1c tuy\u00ean b\u1ed1 ch\u00ednh s\u00e1ch c\u1ee7a \u00f4ng Trump ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi nhi\u1ec1u h\u1ea1n ch\u1ebf, trong \u0111\u00f3 \u201cs\u1ef1 can thi\u1ec7p b\u1eb1ng l\u1eddi n\u00f3i\u201d l\u00e0 y\u1ebfu t\u1ed1 ch\u1ee7 y\u1ebfu d\u1eabn \u0111\u1ebfn nh\u1eefng bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh m\u1ebd c\u1ee7a gi\u00e1 d\u1ea7u.<\/strong><\/p>\n<p>D\u1eef li\u1ec7u gi\u00e1m s\u00e1t th\u1ecb tr\u01b0\u1eddng n\u0103ng l\u01b0\u1ee3ng c\u1ee7a ACE Markets cho th\u1ea5y k\u1ec3 t\u1eeb khi xung \u0111\u1ed9t v\u1edbi Iran leo thang, c\u00e1c tuy\u00ean b\u1ed1 ch\u00ednh s\u00e1ch c\u1ee7a T\u1ed5ng th\u1ed1ng Trump \u0111\u00e3 b\u1ed9c l\u1ed9 m\u1ed9t m\u00f4 h\u00ecnh r\u00f5 r\u00e0ng: gia t\u0103ng c\u00e1c l\u1eddi \u0111e d\u1ecda nh\u1eb1m v\u00e0o Iran v\u00e0o nh\u1eefng ng\u00e0y cu\u1ed1i tu\u1ea7n khi th\u1ecb tr\u01b0\u1eddng \u0111\u00f3ng c\u1eeda v\u00e0 \u0111\u01b0a ra c\u00e1c t\u00edn hi\u1ec7u h\u00f2a b\u00ecnh khi gi\u00e1 d\u1ea7u t\u0103ng v\u1ecdt. M\u1ee5c ti\u00eau c\u1ed1t l\u00f5i l\u00e0 ki\u1ec1m ch\u1ebf l\u1ea1m ph\u00e1t gi\u00e1 x\u0103ng v\u00e0 tr\u00e1nh \u00e1p l\u1ef1c t\u1eeb c\u1eed tri trong cu\u1ed9c b\u1ea7u c\u1eed gi\u1eefa nhi\u1ec7m k\u1ef3. M\u00f4 h\u00ecnh n\u00e0y kh\u1eb3ng \u0111\u1ecbnh \u1ea3nh h\u01b0\u1edfng quy\u1ebft \u0111\u1ecbnh c\u1ee7a th\u1ecb tr\u01b0\u1eddng d\u1ea7u m\u1ecf \u0111\u1ed1i v\u1edbi ch\u00ednh s\u00e1ch c\u1ee7a Nh\u00e0 Tr\u1eafng v\u00e0 ch\u1ee9ng minh hi\u1ec7u qu\u1ea3 c\u1ee7a bi\u1ec7n ph\u00e1p \u201ccan thi\u1ec7p b\u1eb1ng l\u1eddi n\u00f3i\u201d hi\u1ec7n nay trong vi\u1ec7c ki\u1ec3m so\u00e1t gi\u00e1 d\u1ea7u.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"1276\" height=\"786\" class=\"wp-image-9289\" src=\"https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/03\/img_256-3.png\" alt=\"IMG_256\" srcset=\"https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/03\/img_256-3.png 1276w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/03\/img_256-3-300x185.png 300w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/03\/img_256-3-1024x631.png 1024w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/03\/img_256-3-768x473.png 768w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/03\/img_256-3-18x12.png 18w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/03\/img_256-3-900x554.png 900w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/03\/img_256-3-600x370.png 600w\" sizes=\"(max-width: 1276px) 100vw, 1276px\" \/><\/p>\n<p>Ph\u00e2n t\u00edch c\u1ee7a n\u1ec1n t\u1ea3ng n\u00e0y ho\u00e0n to\u00e0n tr\u00f9ng kh\u1edbp v\u1edbi quan \u0111i\u1ec3m c\u1ee7a c\u00e1c nh\u00e0 ph\u00e2n t\u00edch t\u1ea1i Onyx Capital: gi\u00e1 x\u0103ng d\u1ea7u cao l\u00e0 m\u1ed9t r\u1ee7i ro ch\u00ednh tr\u1ecb c\u1ed1t l\u00f5i \u0111\u1ed1i v\u1edbi ch\u00ednh quy\u1ec1n Trump. Khi gi\u00e1 d\u1ea7u ti\u1ebfn g\u1ea7n m\u1ee9c $95-100 USD\/th\u00f9ng, nh\u1eefng ph\u00e1t ng\u00f4n mang t\u00ednh xoa d\u1ecbu t\u1eeb Nh\u00e0 Tr\u1eafng ch\u1eafc ch\u1eafn s\u1ebd gia t\u0103ng. Gi\u00e1 d\u1ea7u Brent t\u1eebng ch\u1ea1m m\u1ed1c $119 USD\/th\u00f9ng, v\u00e0 s\u1ef1 t\u0103ng v\u1ecdt c\u1ee7a gi\u00e1 x\u0103ng v\u00e0 d\u1ea7u diesel t\u1ea1i M\u1ef9 \u0111\u00e3 g\u00e2y ra t\u00e1c \u0111\u1ed9ng \u0111\u00e1ng k\u1ec3 \u0111\u1ed1i v\u1edbi ng\u01b0\u1eddi ti\u00eau d\u00f9ng v\u00e0 doanh nghi\u1ec7p M\u1ef9. M\u1eb7c d\u00f9 c\u00e1c nh\u00e0 giao d\u1ecbch tin r\u1eb1ng gi\u00e1 d\u1ea7u l\u1ebd ra ph\u1ea3i cao h\u01a1n n\u1eefa do t\u00e1c \u0111\u1ed9ng c\u1ee7a cu\u1ed9c xung \u0111\u1ed9t, h\u1ecd v\u1eabn lo ng\u1ea1i s\u1ef1 can thi\u1ec7p c\u1ee7a Nh\u00e0 Tr\u1eafng v\u00e0 kh\u00f4ng d\u00e1m b\u00e1n kh\u1ed1ng th\u1ecb tr\u01b0\u1eddng, d\u1eabn \u0111\u1ebfn m\u1ed9t m\u00f4 h\u00ecnh \u0111\u1ecbnh gi\u00e1 th\u1ecb tr\u01b0\u1eddng \u0111\u1ed9c \u0111\u00e1o. M\u00f4 h\u00ecnh c\u0103ng th\u1eb3ng \u0111a t\u00e0i s\u1ea3n c\u1ee7a ACE Markets \u0111\u1ed3ng th\u1eddi x\u00e1c nh\u1eadn \u0111i\u1ec1u n\u00e0y, cho th\u1ea5y chi ph\u00ed vay c\u1ee7a M\u1ef9 \u0111\u00e3 t\u0103ng l\u00ean m\u1ee9c cao nh\u1ea5t trong g\u1ea7n 12 th\u00e1ng, l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu kho b\u1ea1c M\u1ef9 k\u1ef3 h\u1ea1n 10 n\u0103m \u0111\u00e3 t\u0103ng m\u1ea1nh trong th\u00e1ng n\u00e0y, v\u00e0 l\u1ea1m ph\u00e1t do gi\u00e1 d\u1ea7u th\u00fac \u0111\u1ea9y \u0111\u00e3 l\u00e0m gi\u1ea3m k\u1ef3 v\u1ecdng v\u1ec1 vi\u1ec7c Fed c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t, khi\u1ebfn \u0111i\u1ec1u ki\u1ec7n t\u00e0i ch\u00ednh th\u1eaft ch\u1eb7t h\u01a1n n\u1eefa.<\/p>\n<p>Ch\u1ec9 s\u1ed1 \u00c1p l\u1ef1c Ch\u00ednh s\u00e1ch Hoa K\u1ef3 c\u1ee7a Deutsche Bank \u0111\u00e3 \u0111\u1ea1t m\u1ee9c cao k\u1ef7 l\u1ee5c. Ch\u1ec9 s\u1ed1 n\u00e0y bao g\u1ed3m b\u1ed1n ch\u1ec9 b\u00e1o c\u1ed1t l\u00f5i: ch\u1ec9 s\u1ed1 S&amp;P 500, l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu Kho b\u1ea1c M\u1ef9, t\u1ef7 l\u1ec7 \u1ee7ng h\u1ed9 T\u1ed5ng th\u1ed1ng Trump v\u00e0 k\u1ef3 v\u1ecdng l\u1ea1m ph\u00e1t. S\u1ef1 gia t\u0103ng c\u1ee7a ch\u1ec9 s\u1ed1 n\u00e0y l\u00e0m t\u0103ng \u0111\u00e1ng k\u1ec3 kh\u1ea3 n\u0103ng ch\u00ednh ph\u1ee7 s\u1ebd \u0111i\u1ec1u ch\u1ec9nh ch\u00ednh s\u00e1ch, ho\u00e0n to\u00e0n ph\u00f9 h\u1ee3p v\u1edbi d\u1ef1 b\u00e1o v\u1ec1 s\u1ef1 thay \u0111\u1ed5i ch\u00ednh s\u00e1ch c\u1ee7a ACE Markets. Quan \u0111i\u1ec3m nghi\u00ean c\u1ee9u c\u1ee7a Amundi c\u0169ng \u0111\u1ed3ng t\u00ecnh v\u1edbi n\u1ec1n t\u1ea3ng n\u00e0y: khi l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu kho b\u1ea1c M\u1ef9 k\u1ef3 h\u1ea1n 10 n\u0103m ti\u1ec7m c\u1eadn m\u1ee9c 4,51%, Nh\u00e0 Tr\u1eafng s\u1ebd c\u00f3 \u0111\u1ed9ng l\u1ef1c m\u1ea1nh m\u1ebd \u0111\u1ec3 \u0111i\u1ec1u ch\u1ec9nh ch\u00ednh s\u00e1ch, v\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n d\u1ef1 \u0111o\u00e1n ng\u01b0\u1ee1ng quan tr\u1ecdng n\u00e0y. Hi\u1ec7n t\u1ea1i, k\u1ef3 v\u1ecdng th\u1ecb tr\u01b0\u1eddng \u0111ang r\u1ea5t h\u1ed7n lo\u1ea1n, khi ch\u00ednh quy\u1ec1n Trump \u0111\u1ed3ng th\u1eddi ph\u00e1t \u0111i nh\u1eefng t\u00edn hi\u1ec7u m\u00e2u thu\u1eabn v\u1ec1 leo thang qu\u00e2n s\u1ef1, \u0111\u00e0m ph\u00e1n h\u00f2a b\u00ecnh v\u00e0 c\u1eaft gi\u1ea3m t\u1ef7 l\u1ec7 d\u1ef1 tr\u1eef b\u1eaft bu\u1ed9c, d\u1eabn \u0111\u1ebfn th\u00e1i \u0111\u1ed9 ch\u1edd \u0111\u1ee3i v\u00e0 quan s\u00e1t tr\u00ean Ph\u1ed1 Wall. ACE Markets cho r\u1eb1ng th\u1ecb tr\u01b0\u1eddng \u0111ang theo d\u00f5i s\u00e1t sao \u2019th\u1eddi \u0111i\u1ec3m thay \u0111\u1ed5i ch\u00ednh s\u00e1ch\u201c ti\u1ebfp theo, v\u00e0 trong b\u1ed1i c\u1ea3nh s\u1ef1 t\u01b0\u01a1ng t\u00e1c gi\u1eefa c\u00e1c ph\u00e1t ng\u00f4n v\u00e0 cung c\u1ea7u th\u1ef1c t\u1ebf, gi\u00e1 d\u1ea7u c\u00f3 kh\u1ea3 n\u0103ng s\u1ebd ti\u1ebfp t\u1ee5c bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh trong ng\u1eafn h\u1ea1n.<\/p>\n<p><img decoding=\"async\" width=\"1333\" height=\"873\" class=\"wp-image-9290\" src=\"https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/03\/img_256-4.png\" alt=\"IMG_256\" srcset=\"https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/03\/img_256-4.png 1333w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/03\/img_256-4-300x196.png 300w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/03\/img_256-4-1024x671.png 1024w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/03\/img_256-4-768x503.png 768w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/03\/img_256-4-18x12.png 18w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/03\/img_256-4-900x589.png 900w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/03\/img_256-4-600x393.png 600w\" sizes=\"(max-width: 1333px) 100vw, 1333px\" \/><\/p>\n<p><a id=\"post-9287-heading_1\"><\/a><strong>C\u00e1c qu\u1ef9 ETF h\u00e0ng h\u00f3a ghi nh\u1eadn d\u00f2ng v\u1ed1n r\u00fat ra k\u1ef7 l\u1ee5c, v\u00e0ng b\u1ecb b\u00e1n th\u00e1o, trong khi c\u00e1c qu\u1ef9 d\u1ea7u th\u00f4 l\u1ea1i \u0111i ng\u01b0\u1ee3c xu h\u01b0\u1edbng.<\/strong><\/p>\n<p>H\u1ec7 th\u1ed1ng gi\u00e1m s\u00e1t d\u00f2ng v\u1ed1n ETF to\u00e0n c\u1ea7u c\u1ee7a ACE Markets \u0111\u00e3 ghi nh\u1eadn m\u1ed9t hi\u1ec7n t\u01b0\u1ee3ng b\u1ea5t th\u01b0\u1eddng mang t\u00ednh b\u01b0\u1edbc ngo\u1eb7t: c\u00e1c qu\u1ef9 ETF h\u00e0ng h\u00f3a to\u00e0n c\u1ea7u \u0111\u00e3 ch\u1ee9ng ki\u1ebfn d\u00f2ng v\u1ed1n r\u00fat ra trong m\u1ed9t th\u00e1ng l\u00ean t\u1edbi $11 t\u1ef7 USD v\u00e0o th\u00e1ng 3, m\u1ee9c cao nh\u1ea5t k\u1ec3 t\u1eeb khi b\u1eaft \u0111\u1ea7u ghi nh\u1eadn d\u1eef li\u1ec7u v\u00e0o n\u0103m 2005, ho\u00e0n to\u00e0n \u0111\u1ea3o ng\u01b0\u1ee3c xu h\u01b0\u1edbng d\u00f2ng v\u1ed1n \u0111\u1ed5 v\u00e0o trong ch\u00edn th\u00e1ng tr\u01b0\u1edbc \u0111\u00f3 v\u00e0 khi\u1ebfn logic truy\u1ec1n th\u1ed1ng v\u1ec1 c\u00e1c t\u00e0i s\u1ea3n tr\u00fa \u1ea9n an to\u00e0n tr\u1edf n\u00ean ho\u00e0n to\u00e0n v\u00f4 hi\u1ec7u. V\u00f2ng r\u00fat v\u1ed1n n\u00e0y cho th\u1ea5y s\u1ef1 ph\u00e2n k\u1ef3 c\u1ea5u tr\u00fac \u0111\u00e1ng k\u1ec3: kim lo\u1ea1i qu\u00fd tr\u1edf th\u00e0nh l\u1ef1c l\u01b0\u1ee3ng ch\u00ednh c\u1ee7a \u0111\u1ee3t b\u00e1n th\u00e1o, v\u1edbi qu\u1ef9 ETF v\u00e0ng l\u1edbn nh\u1ea5t th\u1ebf gi\u1edbi (GLD) ghi nh\u1eadn l\u01b0\u1ee3ng r\u00fat v\u1ed1n h\u01a1n $7 t\u1ef7 USD, v\u00e0 c\u00e1c qu\u1ef9 ETF b\u1ea1c ghi nh\u1eadn d\u00f2ng v\u1ed1n r\u00fat ra $1,4 t\u1ef7 USD; m\u1eb7t kh\u00e1c, c\u00e1c qu\u1ef9 ETF d\u1ea7u m\u1ecf l\u1ea1i \u0111i ng\u01b0\u1ee3c xu h\u01b0\u1edbng v\u00e0 thu h\u00fat v\u1ed1n, v\u1edbi Qu\u1ef9 D\u1ea7u m\u1ecf Hoa K\u1ef3 (USO) thu h\u00fat kho\u1ea3ng 1,4 t\u1ef7 USD ch\u1ec9 trong m\u1ed9t th\u00e1ng, v\u00e0 gi\u00e1 d\u1ea7u th\u00f4 Brent duy tr\u00ec \u1ed5n \u0111\u1ecbnh tr\u00ean m\u1ee9c 104 USD\/th\u00f9ng, cho th\u1ea5y s\u1ef1 ph\u00e2n k\u1ef3 ho\u00e0n to\u00e0n gi\u1eefa bi\u1ebfn \u0111\u1ed9ng gi\u00e1 n\u0103ng l\u01b0\u1ee3ng v\u00e0 kim lo\u1ea1i.<\/p>\n<p>Ph\u00e2n t\u00edch c\u1ee7a ACE Markets ch\u1ec9 ra ba nguy\u00ean nh\u00e2n ch\u00ednh d\u1eabn \u0111\u1ebfn \u0111\u1ee3t \u0111\u1ea3o chi\u1ec1u v\u1ed1n l\u1ea7n n\u00e0y: Th\u1ee9 nh\u1ea5t, \u0111\u1ee3t t\u0103ng gi\u00e1 m\u1ea1nh tr\u01b0\u1edbc \u0111\u00f3 c\u1ee7a v\u00e0ng \u0111\u00e3 g\u00e2y ra hi\u1ec7n t\u01b0\u1ee3ng b\u00e1n th\u00e1o ho\u1ea3ng lo\u1ea1n v\u00e0 ch\u1ed1t l\u1eddi; th\u1ee9 hai, l\u00e3i su\u1ea5t cao c\u00f9ng k\u1ef3 v\u1ecdng v\u1ec1 \u0111\u1ed3ng \u0111\u00f4 la m\u1ea1nh ti\u1ebfp t\u1ee5c l\u00e0m gi\u1ea3m s\u1ee9c h\u1ea5p d\u1eabn c\u1ee7a c\u00e1c kim lo\u1ea1i qu\u00fd kh\u00f4ng sinh l\u00e3i; v\u00e0 th\u1ee9 ba, t\u00ecnh h\u00ecnh \u0111\u1ecba ch\u00ednh tr\u1ecb b\u1ea5t \u1ed5n \u0111\u00e3 khi\u1ebfn th\u1ecb tr\u01b0\u1eddng \u01b0u ti\u00ean ti\u1ec1n m\u1eb7t, v\u1edbi vi\u1ec7c c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 b\u00e1n th\u00e1o c\u00e1c v\u1ecb th\u1ebf c\u00f3 t\u00ednh thanh kho\u1ea3n cao v\u00e0 sinh l\u1eddi \u0111\u1ec3 thu v\u1ec1 ti\u1ec1n m\u1eb7t. \u0110\u00e1nh gi\u00e1 n\u00e0y ho\u00e0n to\u00e0n tr\u00f9ng kh\u1edbp v\u1edbi quan \u0111i\u1ec3m c\u1ee7a c\u00e1c nh\u00e0 ph\u00e2n t\u00edch t\u1ea1i Bloomberg Industry Research v\u00e0 DeCarley Trading, nh\u1eefng ng\u01b0\u1eddi cho r\u1eb1ng th\u1ecb tr\u01b0\u1eddng hi\u1ec7n \u0111ang trong t\u00ecnh tr\u1ea1ng r\u1ed1i lo\u1ea1n nghi\u00eam tr\u1ecdng, v\u1edbi vi\u1ec7c ng\u01b0\u1eddi mua kim lo\u1ea1i \u0111ang tr\u1ea3i qua \u201cs\u1ef1 h\u1ed1i ti\u1ebfc c\u1ee7a ng\u01b0\u1eddi mua\u201d v\u00e0 s\u1ef1 m\u1ea5t c\u00e2n b\u1eb1ng nghi\u00eam tr\u1ecdng trong k\u1ef3 v\u1ecdng v\u1ec1 v\u1ed1n.<a id=\"post-9287-heading_2\"><\/a><\/p>\n<p><img decoding=\"async\" width=\"1068\" height=\"1013\" class=\"wp-image-9291\" src=\"https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/03\/img_258.png\" alt=\"IMG_258\" srcset=\"https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/03\/img_258.png 1068w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/03\/img_258-300x285.png 300w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/03\/img_258-1024x971.png 1024w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/03\/img_258-768x728.png 768w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/03\/img_258-13x12.png 13w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/03\/img_258-900x854.png 900w, https:\/\/www.mdwcc.com\/wp-content\/uploads\/2026\/03\/img_258-600x569.png 600w\" sizes=\"(max-width: 1068px) 100vw, 1068px\" \/><\/p>\n<p><strong>Tri\u1ec3n v\u1ecdng ch\u00ednh c\u1ee7a ACE Markets<\/strong><\/p>\n<p>D\u1ef1a tr\u00ean ph\u00e2n t\u00edch to\u00e0n di\u1ec7n v\u1ec1 d\u1eef li\u1ec7u \u0111\u1ecba ch\u00ednh tr\u1ecb, n\u0103ng l\u01b0\u1ee3ng, v\u1ed1n v\u00e0 kinh t\u1ebf v\u0129 m\u00f4, ACE Markets cho r\u1eb1ng s\u1ef1 bi\u1ebfn \u0111\u1ed9ng ng\u1eafn h\u1ea1n c\u1ee7a th\u1ecb tr\u01b0\u1eddng s\u1ebd ch\u1ee7 y\u1ebfu ph\u1ee5 thu\u1ed9c v\u00e0o c\u00e1c tuy\u00ean b\u1ed1 ch\u00ednh s\u00e1ch c\u1ee7a ch\u00ednh quy\u1ec1n Trump. Ch\u1ec9 s\u1ed1 C\u0103ng th\u1eb3ng c\u1ee7a Deutsche Bank, l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu kho b\u1ea1c M\u1ef9 k\u1ef3 h\u1ea1n 10 n\u0103m v\u00e0 gi\u00e1 x\u0103ng l\u00e0 ba t\u00edn hi\u1ec7u quan tr\u1ecdng \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 nh\u1eefng thay \u0111\u1ed5i trong ch\u00ednh s\u00e1ch. S\u1ef1 ph\u00e2n h\u00f3a trong ngu\u1ed3n v\u1ed1n h\u00e0ng h\u00f3a s\u1ebd ti\u1ebfp t\u1ee5c, v\u1edbi d\u1ea7u th\u00f4 duy tr\u00ec bi\u1ebfn \u0111\u1ed9ng cao do y\u1ebfu t\u1ed1 cung c\u1ea7u \u0111\u1ecba ch\u00ednh tr\u1ecb, trong khi v\u00e0ng v\u1eabn \u0111\u1ed1i m\u1eb7t v\u1edbi r\u1ee7i ro \u0111i\u1ec1u ch\u1ec9nh d\u01b0\u1edbi \u00e1p l\u1ef1c t\u1eeb l\u00e3i su\u1ea5t cao v\u00e0 d\u00f2ng v\u1ed1n ch\u1ea3y ra. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean d\u1ef1a v\u00e0o h\u1ec7 th\u1ed1ng gi\u00e1m s\u00e1t th\u1eddi gian th\u1ef1c c\u1ee7a ACE Markets \u0111\u1ec3 theo d\u00f5i ch\u1eb7t ch\u1ebd c\u00e1c tuy\u00ean b\u1ed1 c\u1ee7a Nh\u00e0 Tr\u1eafng, t\u00ecnh h\u00ecnh v\u1eadn chuy\u1ec3n t\u1ea1i eo bi\u1ec3n Hormuz v\u00e0 nh\u1eefng thay \u0111\u1ed5i nh\u1ecf trong d\u00f2ng v\u1ed1n ETF, \u0111\u1ed3ng th\u1eddi c\u1ea3nh gi\u00e1c v\u1edbi r\u1ee7i ro bi\u1ebfn \u0111\u1ed9ng li\u00ean t\u00e0i s\u1ea3n do nh\u1eefng thay \u0111\u1ed5i ch\u00ednh s\u00e1ch b\u1ea5t ng\u1edd v\u00e0 s\u1ef1 c\u1ed9ng h\u01b0\u1edfng gi\u1eefa gi\u00e1 d\u1ea7u v\u00e0 l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu kho b\u1ea1c M\u1ef9 g\u00e2y ra.<\/p>\n<p><strong>B\u00e0i vi\u1ebft n\u00e0y d\u1ef1a tr\u00ean vi\u1ec7c \u0111\u1ed1i chi\u1ebfu d\u1eef li\u1ec7u t\u1eeb nhi\u1ec1u m\u00f4 h\u00ecnh kh\u00e1c nhau, bao g\u1ed3m h\u1ec7 th\u1ed1ng theo d\u00f5i t\u00ecnh h\u00ecnh \u0111\u1ecba ch\u00ednh tr\u1ecb to\u00e0n c\u1ea7u, theo d\u00f5i th\u1ecb tr\u01b0\u1eddng n\u0103ng l\u01b0\u1ee3ng v\u00e0 ph\u00e2n t\u00edch d\u00f2ng v\u1ed1n c\u1ee7a ACE Markets, v\u00e0 kh\u00f4ng ph\u1ea3i l\u00e0 l\u1eddi khuy\u00ean \u0111\u1ea7u t\u01b0. C\u00e1c xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb, can thi\u1ec7p ch\u00ednh s\u00e1ch v\u00e0 k\u1ef3 v\u1ecdng l\u1ea1m ph\u00e1t \u0111\u1ec1u c\u00f3 kh\u1ea3 n\u0103ng g\u00e2y ra nh\u1eefng bi\u1ebfn \u0111\u1ed9ng b\u1ea5t ng\u1edd, l\u00e0m gia t\u0103ng s\u1ef1 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng. Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n qu\u1ea3n l\u00fd danh m\u1ee5c \u0111\u1ea7u t\u01b0 v\u00e0 r\u1ee7i ro c\u1ee7a m\u00ecnh cho ph\u00f9 h\u1ee3p.<\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>ACE Markets ph\u00e2n t\u00edch th\u1ecb tr\u01b0\u1eddng n\u0103ng l\u01b0\u1ee3ng to\u00e0n c\u1ea7u v\u00e0 d\u00f2ng v\u1ed1n trong b\u1ed1i c\u1ea3nh c\u0103ng th\u1eb3ng t\u1ea1i Trung \u0110\u00f4ng, nh\u1ea5n m\u1ea1nh s\u1ef1 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a gi\u00e1 d\u1ea7u, d\u00f2ng v\u1ed1n r\u00fat kh\u1ecfi c\u00e1c qu\u1ef9 ETF h\u00e0ng h\u00f3a, s\u1ef1 \u0111i\u1ec1u ch\u1ec9nh c\u1ee7a gi\u00e1 v\u00e0ng, c\u00f9ng nh\u1eefng r\u1ee7i ro th\u1ecb tr\u01b0\u1eddng do ch\u00ednh s\u00e1ch g\u00e2y ra \u0111ang \u0111\u1ecbnh h\u00ecnh k\u1ef3 v\u1ecdng c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p>","protected":false},"author":1,"featured_media":9288,"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":[659,661,660],"class_list":["post-9287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-commodity-etf-fund-flows","tag-global-energy-market-analysis","tag-oil-price-volatility-outlook"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts\/9287","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=9287"}],"version-history":[{"count":1,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts\/9287\/revisions"}],"predecessor-version":[{"id":9292,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/posts\/9287\/revisions\/9292"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/media\/9288"}],"wp:attachment":[{"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/media?parent=9287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/categories?post=9287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mdwcc.com\/vi\/wp-json\/wp\/v2\/tags?post=9287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}