{"id":8968,"date":"2026-02-27T14:51:31","date_gmt":"2026-02-27T06:51:31","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=8968"},"modified":"2026-02-27T14:51:36","modified_gmt":"2026-02-27T06:51:36","slug":"%e5%8f%8c%e5%b1%9e%e6%80%a7%e5%8a%a0%e6%8c%81%e7%99%bd%e9%93%b6%e9%a2%86%e8%b7%91-%e8%b6%85%e4%b9%b0%e5%8e%8b%e5%8a%9b%e6%8b%96%e7%b4%af%e9%bb%84%e9%87%91-wmax-%e8%b4%b5%e9%87%91","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/vi\/luu-tru\/8968","title":{"rendered":"B\u1ea1c thu\u1ed9c t\u00ednh k\u00e9p d\u1eabn \u0111\u1ea7u, \u00e1p l\u1ef1c mua qu\u00e1 m\u1ee9c k\u00e9o v\u00e0ng xu\u1ed1ng - Wmax nghi\u00ean c\u1ee9u v\u00e0 nh\u1eadn \u0111\u1ecbnh th\u1ecb tr\u01b0\u1eddng kim lo\u1ea1i qu\u00fd"},"content":{"rendered":"

D\u1ef1a tr\u00ean theo d\u00f5i chuy\u00ean s\u00e2u c\u0169ng nh\u01b0 nghi\u00ean c\u1ee9u v\u00e0 \u0111\u00e1nh gi\u00e1 chuy\u00ean nghi\u1ec7p v\u1ec1 xu h\u01b0\u1edbng k\u1ef9 thu\u1eadt c\u1ee7a th\u1ecb tr\u01b0\u1eddng kim lo\u1ea1i qu\u00fd to\u00e0n c\u1ea7u, c\u00e1c nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n v\u1ec1 cung v\u00e0 c\u1ea7u, chu k\u1ef3 ch\u00ednh s\u00e1ch v\u0129 m\u00f4 v\u00e0 lo ng\u1ea1i r\u1ee7i ro to\u00e0n c\u1ea7u, Wmax tin r\u1eb1ng th\u1ecb tr\u01b0\u1eddng kim lo\u1ea1i qu\u00fd to\u00e0n c\u1ea7u hi\u1ec7n t\u1ea1i \u0111ang th\u1ec3 hi\u1ec7n m\u1ed9t m\u00f4 h\u00ecnh c\u1ef1c k\u1ef3 kh\u00e1c bi\u1ec7t: m\u1eb7c d\u00f9 v\u00e0ng giao ngay \u0111\u00e3 \u1ed5n \u0111\u1ecbnh \u1edf c\u00e1c m\u1ee9c h\u1ed7 tr\u1ee3 quan tr\u1ecdng, nh\u01b0ng trong l\u1ecbch s\u1eed, t\u00ecnh tr\u1ea1ng mua qu\u00e1 m\u1ee9c trong l\u1ecbch s\u1eed \u0111\u00e3 g\u00e2y ra r\u1ee7i ro \u0111i\u1ec1u ch\u1ec9nh c\u1ea5u tr\u00fac \u0111\u00e1ng k\u1ec3 v\u00e0 qu\u00e1 tr\u00ecnh chuy\u1ec3n \u0111\u1ed5i sang xu h\u01b0\u1edbng gi\u1ea3m \u0111\u00e3 b\u01b0\u1edbc v\u00e0o giai \u0111o\u1ea1n quan s\u00e1t quan tr\u1ecdng; b\u1ea1c giao ngay ti\u1ebfp t\u1ee5c d\u1eabn \u0111\u1ea7u th\u1ecb tr\u01b0\u1eddng kim lo\u1ea1i qu\u00fd v\u1edbi thu\u1ed9c t\u00ednh k\u00e9p c\u1ee7a n\u00f3 l\u00e0 ph\u00f2ng ng\u1eeba r\u1ee7i ro v\u00e0 c\u00f4ng nghi\u1ec7p. N\u00f3 kh\u00f4ng ch\u1ec9 v\u01b0\u1ee3t tr\u1ed9i h\u01a1n v\u00e0ng trong n\u0103m m\u00e0 c\u00f2n \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng s\u1ebd thi\u1ebft l\u1eadp m\u1ee9c t\u0103ng h\u00e0ng th\u00e1ng li\u00ean ti\u1ebfp d\u00e0i nh\u1ea5t trong l\u1ecbch s\u1eed, tr\u1edf th\u00e0nh t\u00e0i s\u1ea3n ph\u00f2ng ng\u1eeba r\u1ee7i ro \u0111\u01b0\u1ee3c \u01b0a chu\u1ed9ng tr\u00ean th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i.<\/p>\n

<\/a>C\u00f4ng ngh\u1ec7 v\u00e0ng ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi m\u1ed9t b\u01b0\u1edbc ngo\u1eb7t quan tr\u1ecdng trong xu h\u01b0\u1edbng gi\u1ea3m gi\u00e1, v\u1edbi t\u00ecnh tr\u1ea1ng mua qu\u00e1 m\u1ee9c l\u1ecbch s\u1eed l\u00e0m t\u0103ng th\u00eam nguy c\u01a1 \u0111i\u1ec1u ch\u1ec9nh<\/strong><\/p>\n

Wmax, th\u00f4ng qua \u0111\u00e1nh gi\u00e1 to\u00e0n chu k\u1ef3 v\u00e0 ph\u00e2n t\u00edch so s\u00e1nh c\u00e1c m\u00f4 h\u00ecnh gi\u00e1 l\u1ecbch s\u1eed v\u00e0 c\u00e1c ch\u1ec9 b\u00e1o \u0111\u1ed9ng l\u01b0\u1ee3ng c\u1ee7a v\u00e0ng, \u0111\u00e3 ph\u00e1t hi\u1ec7n ra r\u1eb1ng m\u1eb7c d\u00f9 v\u00e0ng giao ngay \u0111\u00e3 th\u00e0nh c\u00f4ng gi\u1eef v\u1eefng tr\u00ean m\u1ee9c \u0111\u1ed9t ph\u00e1 c\u1ee7a th\u00e1ng 2 l\u00e0 5.100 USD\/ounce trong tu\u1ea7n n\u00e0y, nh\u01b0ng nhu c\u1ea7u ph\u00f2ng ng\u1eeba r\u1ee7i ro m\u1edbi \u0111\u01b0\u1ee3c k\u00edch ho\u1ea1t b\u1edfi s\u1ef1 kh\u00f4ng ch\u1eafc ch\u1eafn v\u1ec1 ch\u00ednh s\u00e1ch th\u01b0\u01a1ng m\u1ea1i c\u0169ng \u0111\u1ea9y v\u00e0ng tr\u1edf l\u1ea1i m\u1ed9t tri\u1ec3n v\u1ecdng r\u00f5 r\u00e0ng. Khu v\u1ef1c k\u1ef9 thu\u1eadt gia t\u0103ng \u0111\u00e3 c\u1ee7ng c\u1ed1 ni\u1ec1m tin ph\u00e2n b\u1ed5 t\u1ed5ng th\u1ec3 c\u1ee7a th\u1ecb tr\u01b0\u1eddng \u0111\u1ed1i v\u1edbi kim lo\u1ea1i qu\u00fd; nh\u01b0ng \u0111\u1ed3ng th\u1eddi, xu h\u01b0\u1edbng m\u1ea1nh m\u1ebd c\u1ee7a v\u00e0ng \u0111ang h\u00ecnh th\u00e0nh s\u1ef1 sai l\u1ec7ch m\u1ea1nh m\u1ebd so v\u1edbi ch\u1ec9 s\u1ed1 \u0111\u1ed9ng n\u0103ng qu\u00e1 mua trong l\u1ecbch s\u1eed. C\u00e1c \u0111i\u1ec1u ki\u1ec7n k\u1ef9 thu\u1eadt hi\u1ec7n t\u1ea1i \u0111\u00e3 d\u1ef1 \u0111o\u00e1n gi\u00e1 v\u00e0ng s\u1ebd \u0111i\u1ec1u ch\u1ec9nh m\u1ea1nh trong chu k\u1ef3 l\u1ecbch s\u1eed v\u00e0 th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 b\u01b0\u1edbc v\u00e0o m\u1ed9t b\u01b0\u1edbc ngo\u1eb7t quy\u1ebft \u0111\u1ecbnh khi s\u1ef1 ti\u1ebfp t\u1ee5c \u0111i l\u00ean v\u00e0 s\u1ef1 \u0111i\u1ec1u ch\u1ec9nh c\u01a1 c\u1ea5u c\u00f9ng t\u1ed3n t\u1ea1i.<\/p>\n

\"\u5c40\u90e8\u622a\u53d6_20260226_155510\"<\/p>\n

T\u1eeb g\u00f3c \u0111\u1ed9 c\u1ea5u tr\u00fac gi\u00e1, Wmax \u0111\u00e3 \u0111\u00e1nh gi\u00e1 r\u1eb1ng 5.200-5.300 USD m\u1ed7i ounce l\u00e0 ph\u1ea1m vi kh\u00e1ng c\u1ef1 ch\u00ednh m\u00e0 v\u00e0ng hi\u1ec7n \u0111ang ph\u1ea3i \u0111\u1ed1i m\u1eb7t. R\u00f5 r\u00e0ng c\u00f3 nguy c\u01a1 c\u1ea1n ki\u1ec7t \u0111\u1ed9ng l\u1ef1c trong b\u01b0\u1edbc \u0111\u1ed9t ph\u00e1 v\u00e0ng hi\u1ec7n t\u1ea1i v\u00e0 xu h\u01b0\u1edbng gi\u00e1 r\u1ea5t gi\u1ed1ng v\u1edbi m\u00f4 h\u00ecnh tr\u01b0\u1edbc khi gi\u00e1 v\u00e0ng gi\u1ea3m m\u1ea1nh t\u1eeb m\u1ee9c cao l\u1ecbch s\u1eed v\u00e0o th\u00e1ng 1 - ch\u1ec9 b\u00e1o s\u1ee9c m\u1ea1nh t\u01b0\u01a1ng \u0111\u1ed1i \u0111\u00e3 tr\u1edf l\u1ea1i m\u1ee9c qu\u00e1 mua trong th\u00e1ng 1 v\u00e0 v\u1ecb tr\u00ed n\u00e0y l\u00e0 t\u00edn hi\u1ec7u c\u1ed1t l\u00f5i tr\u01b0\u1edbc khi gi\u00e1 v\u00e0ng \u0111i\u1ec1u ch\u1ec9nh m\u1ea1nh tr\u01b0\u1edbc \u0111\u00f3. Tr\u1eeb khi gi\u00e1 v\u00e0ng c\u00f3 th\u1ec3 v\u01b0\u1ee3t qua c\u00e1c d\u1ea3i kh\u00e1ng c\u1ef1 g\u1ea7n 5.200 USD v\u00e0 5.300 USD m\u1ed9t c\u00e1ch d\u1ee9t kho\u00e1t, n\u1ebfu kh\u00f4ng s\u1ebd kh\u00f3 duy tr\u00ec m\u1ee9c t\u0103ng tr\u00ean 5.000 USD. Vi\u1ec7c m\u1edf r\u1ed9ng qu\u00e1 m\u1ee9c c\u00e1c v\u1ecb th\u1ebf hi\u1ec7n t\u1ea1i \u0111\u00e3 l\u00e0m t\u0103ng \u0111\u00e1ng k\u1ec3 t\u00ednh d\u1ec5 b\u1ecb t\u1ed5n th\u01b0\u01a1ng c\u1ee7a v\u00e0ng tr\u01b0\u1edbc m\u1ed9t \u0111\u1ee3t \u0111i\u1ec1u ch\u1ec9nh m\u1ea1nh.<\/p>\n

M\u1eb7t kh\u00e1c, Wmax \u0111\u1eb7t 5.100 USD m\u1ed7i ounce l\u00e0m b\u01b0\u1edbc ngo\u1eb7t c\u1ed1t l\u00f5i trong d\u00e0i h\u1ea1n quy\u1ebft \u0111\u1ecbnh xu h\u01b0\u1edbng ti\u1ebfp theo c\u1ee7a v\u00e0ng. N\u1ebfu gi\u00e1 v\u00e0ng \u0111\u00f3ng c\u1eeda d\u01b0\u1edbi m\u1ed1c 5.100 USD m\u1ed9t l\u1ea7n n\u1eefa, n\u00f3 s\u1ebd m\u1ed9t l\u1ea7n n\u1eefa \u0111\u1ed1i m\u1eb7t v\u1edbi nguy c\u01a1 h\u1ee3p nh\u1ea5t, v\u00e0 ph\u1ea1m vi \u0111i xu\u1ed1ng tr\u01b0\u1edbc ti\u00ean s\u1ebd k\u00e9o d\u00e0i \u0111\u1ebfn m\u1ed1c 4.800 USD; n\u1ebfu m\u1ee9c n\u00e0y gi\u1ea3m, v\u00e0ng s\u1ebd th\u00e1ch th\u1ee9c c\u00e1c m\u1ee9c h\u1ed7 tr\u1ee3 ti\u1ebfp theo l\u00e0 4.600 USD, 4.530 USD v\u00e0 4.380 USD, m\u1edf l\u1ea1i ph\u1ea1m vi gi\u00e1 \u0111\u00f3ng vai tr\u00f2 l\u00e0 khu v\u1ef1c thu th\u1eadp nhu c\u1ea7u v\u00e0o \u0111\u1ea7u th\u00e1ng 2. Nh\u00ecn chung, xu h\u01b0\u1edbng ti\u1ebfp theo c\u1ee7a v\u00e0ng kh\u00f4ng ch\u1ec9 ph\u1ee5 thu\u1ed9c v\u00e0o d\u00f2ng v\u1ed1n tr\u00fa \u1ea9n an to\u00e0n \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi v\u0129 m\u00f4 m\u00e0 c\u00f2n ph\u1ee5 thu\u1ed9c v\u00e0o vi\u1ec7c li\u1ec7u phe b\u00f2 c\u00f3 th\u1ec3 gi\u1eef \u0111\u01b0\u1ee3c khu v\u1ef1c \u0111\u1ed9t ph\u00e1 c\u1ed1t l\u00f5i l\u00e0 5.100 USD tr\u01b0\u1edbc khi \u0111\u00e0 th\u1ea5t b\u1ea1i v\u00e0 quy\u1ec1n ki\u1ec3m so\u00e1t th\u1ecb tr\u01b0\u1eddng \u0111\u01b0\u1ee3c tr\u1ea3 l\u1ea1i cho ng\u01b0\u1eddi b\u00e1n hay kh\u00f4ng.<\/p>\n

\"\u5c40\u90e8\u622a\u53d6_20260226_155849\"<\/p>\n

<\/a>B\u1ea1c d\u1eabn \u0111\u1ea7u th\u1ecb tr\u01b0\u1eddng kim lo\u1ea1i qu\u00fd. Thu\u1ed9c t\u00ednh k\u00e9p + kho\u1ea3ng c\u00e1ch cung v\u00e0 c\u1ea7u c\u1ee7a n\u00f3 t\u1ea1o n\u1ec1n t\u1ea3ng v\u1eefng ch\u1eafc cho xu h\u01b0\u1edbng t\u0103ng trung v\u00e0 d\u00e0i h\u1ea1n c\u1ee7a n\u00f3.<\/strong><\/p>\n

Tr\u00e1i ng\u01b0\u1ee3c ho\u00e0n to\u00e0n v\u1edbi \u00e1p l\u1ef1c \u0111i\u1ec1u ch\u1ec9nh \u0111\u1ed1i v\u1edbi v\u00e0ng, b\u1ea1c ti\u1ebfp t\u1ee5c v\u01b0\u1ee3t tr\u1ed9i so v\u1edbi v\u00e0ng trong n\u0103m v\u00e0 tr\u1edf th\u00e0nh t\u00e0i s\u1ea3n ph\u00f2ng ng\u1eeba r\u1ee7i ro \u0111\u01b0\u1ee3c \u01b0a chu\u1ed9ng tr\u00ean th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i. Gi\u00e1 d\u1ef1 ki\u1ebfn \u200b\u200bs\u1ebd ghi nh\u1eadn th\u00e1ng t\u0103ng gi\u00e1 th\u1ee9 10 li\u00ean ti\u1ebfp, l\u1eadp k\u1ef7 l\u1ee5c v\u1ec1 m\u1ee9c t\u0103ng gi\u00e1 h\u00e0ng th\u00e1ng li\u00ean ti\u1ebfp d\u00e0i nh\u1ea5t t\u1eebng \u0111\u01b0\u1ee3c ghi nh\u1eadn. T\u00ednh \u0111\u1ebfn th\u1eddi \u0111i\u1ec3m vi\u1ebft b\u00e0i, b\u1ea1c giao ngay \u0111ang dao \u0111\u1ed9ng quanh m\u1ee9c 88,90 USD\/ounce, v\u1edbi m\u1ee9c t\u0103ng t\u00edch l\u0169y kho\u1ea3ng 4,3% trong th\u00e1ng n\u00e0y. Ph\u00e2n t\u00edch chuy\u00ean s\u00e2u c\u1ee7a Wmax tin r\u1eb1ng b\u1ea1c c\u00f3 c\u00e1c thu\u1ed9c t\u00ednh k\u00e9p l\u00e0 ph\u00f2ng ng\u1eeba r\u1ee7i ro \u0111\u1ea7u t\u01b0 v\u00e0 s\u1eed d\u1ee5ng trong c\u00f4ng nghi\u1ec7p, \u0111\u00e2y l\u00e0 logic c\u1ed1t l\u00f5i \u0111\u1ec3 b\u1ea1c n\u1ed5i b\u1eadt trong th\u1ecb tr\u01b0\u1eddng kh\u00e1c bi\u1ec7t.<\/p>\n

V\u1ec1 m\u1eb7t tr\u00fa \u1ea9n an to\u00e0n, m\u1ee9c thu\u1ebf 10% to\u00e0n c\u1ea7u t\u1ea1m th\u1eddi \u1edf Hoa K\u1ef3 v\u00e0 c\u00e1c cu\u1ed9c th\u1ea3o lu\u1eadn ch\u00ednh s\u00e1ch \u0111\u00e3 t\u0103ng l\u00ean 15%, t\u00ecnh h\u00ecnh \u0111\u1ecba ch\u00ednh tr\u1ecb \u1edf \u0110\u00f4ng \u00c2u, c\u00e1c v\u1ea5n \u0111\u1ec1 an ninh c\u1ee7a Mexico v\u00e0 nguy c\u01a1 \u0111\u1ed5 v\u1ee1 c\u00e1c cu\u1ed9c \u0111\u00e0m ph\u00e1n h\u1ea1t nh\u00e2n M\u1ef9-Iran ti\u1ebfp t\u1ee5c l\u00e0m gia t\u0103ng s\u1ef1 b\u1ea5t \u1ed5n to\u00e0n c\u1ea7u v\u00e0 t\u0103ng c\u01b0\u1eddng \u0111\u00e1ng k\u1ec3 s\u1ee9c h\u1ea5p d\u1eabn c\u1ee7a b\u1ea1c nh\u01b0 m\u1ed9t n\u01a1i tr\u00fa \u1ea9n an to\u00e0n; v\u1ec1 m\u1eb7t c\u00f4ng nghi\u1ec7p, Wmax ti\u1ebfp t\u1ee5c theo d\u00f5i d\u1eef li\u1ec7u cung c\u1ea7u c\u1ee7a Hi\u1ec7p h\u1ed9i B\u1ea1c v\u00e0 Metals Focus cho th\u1ea5y th\u1ecb tr\u01b0\u1eddng b\u1ea1c to\u00e0n c\u1ea7u s\u1ebd c\u00f3 kho\u1ea3ng c\u00e1ch cung 67 tri\u1ec7u ounce v\u00e0o n\u0103m 2026, \u0111\u00e1nh d\u1ea5u n\u0103m th\u1ee9 s\u00e1u li\u00ean ti\u1ebfp th\u00e2m h\u1ee5t cung v\u00e0 c\u1ea7u. Nhu c\u1ea7u c\u01a1 c\u1ea5u b\u00f9ng n\u1ed5 trong c\u00e1c l\u0129nh v\u1ef1c nh\u01b0 trung t\u00e2m d\u1eef li\u1ec7u tr\u00ed tu\u1ec7 nh\u00e2n t\u1ea1o v\u00e0 xe \u0111i\u1ec7n \u0111ang th\u00fac \u0111\u1ea9y th\u1ecb tr\u01b0\u1eddng b\u1ea1c t\u1eeb \"\u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi th\u00f4ng \u0111i\u1ec7p\" \u0111\u1ebfn \"\u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi s\u1ef1 c\u1ee9ng nh\u1eafc c\u01a1 b\u1ea3n\".<\/p>\n

\"\u5c40\u90e8\u622a\u53d6_20260226_160946\"<\/p>\n

M\u1eb7c d\u00f9 logic t\u0103ng trung v\u00e0 d\u00e0i h\u1ea1n l\u00e0 ch\u1eafc ch\u1eafn, nh\u01b0ng b\u1ea1c v\u1eabn tr\u1ea3i qua nh\u1eefng bi\u1ebfn \u0111\u1ed9ng \u0111\u1ecbnh k\u1ef3 trong ng\u1eafn h\u1ea1n khi th\u1ecb tr\u01b0\u1eddng chuy\u1ec3n t\u1eeb tr\u1ea1ng th\u00e1i mua m\u1ea1nh sang ch\u1ed1t l\u1eddi. Wmax gi\u1ea3i th\u00edch r\u1eb1ng b\u1ea1c nh\u1ea1y c\u1ea3m h\u01a1n \u0111\u00e1ng k\u1ec3 v\u1edbi chu k\u1ef3 kinh t\u1ebf so v\u1edbi v\u00e0ng. M\u1eb7c d\u00f9 c\u00e1c c\u00fa s\u1ed1c th\u01b0\u01a1ng m\u1ea1i c\u00f3 th\u1ec3 h\u1ed7 tr\u1ee3 gi\u00e1 b\u1ea1c th\u00f4ng qua t\u00e2m l\u00fd lo ng\u1ea1i r\u1ee7i ro trong ng\u1eafn h\u1ea1n, nh\u01b0ng ch\u00fang c\u0169ng s\u1ebd g\u00e2y ra lo ng\u1ea1i cho th\u1ecb tr\u01b0\u1eddng v\u1ec1 tri\u1ec3n v\u1ecdng nhu c\u1ea7u c\u00f4ng nghi\u1ec7p trong trung h\u1ea1n, \u0111\u00e2y l\u00e0 nguy\u00ean nh\u00e2n c\u1ed1t l\u00f5i c\u1ee7a \u0111\u1ee3t chuy\u1ec3n \u0111\u1ed5i t\u00e2m l\u00fd n\u00e0y. Ngo\u00e0i ra, ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang l\u00e0 m\u1ed9t bi\u1ebfn s\u1ed1 v\u0129 m\u00f4 c\u1ed1t l\u00f5i \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn xu h\u01b0\u1edbng ti\u1ebfp theo c\u1ee7a b\u1ea1c. Th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i th\u01b0\u1eddng k\u1ef3 v\u1ecdng C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang s\u1ebd gi\u1eef nguy\u00ean l\u00e3i su\u1ea5t trong th\u00e1ng 3 v\u00e0 c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t kho\u1ea3ng 60 \u0111i\u1ec3m c\u01a1 b\u1ea3n trong n\u0103m. N\u1ebfu k\u1ef3 v\u1ecdng n\u00e0y th\u00e0nh hi\u1ec7n th\u1ef1c, n\u00f3 s\u1ebd ti\u1ebfp t\u1ee5c gi\u1ea3m chi ph\u00ed n\u1eafm gi\u1eef c\u00e1c kim lo\u1ea1i qu\u00fd kh\u00f4ng sinh l\u1eddi v\u00e0 h\u1ed7 tr\u1ee3 th\u00eam cho gi\u00e1 b\u1ea1c. \u0110\u1ec3 gi\u1ea3i quy\u1ebft nh\u1eefng lo ng\u1ea1i c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u1ec1 bong b\u00f3ng gi\u00e1 b\u1ea1c, Wmax \u0111\u00e3 \u0111\u00e1nh gi\u00e1 r\u1eb1ng bi\u1ebfn \u0111\u1ed9ng gi\u00e1 b\u1ea1c hi\u1ec7n t\u1ea1i n\u1eb1m trong chu k\u1ef3 \u0111\u1ea7u c\u01a1 th\u00f4ng th\u01b0\u1eddng. M\u1eb7c d\u00f9 c\u00e1c y\u1ebfu t\u1ed1 \u0111\u1ea7u c\u01a1 s\u1ebd khu\u1ebfch \u0111\u1ea1i nh\u1eefng bi\u1ebfn \u0111\u1ed9ng ng\u1eafn h\u1ea1n nh\u01b0ng ch\u00fang s\u1ebd kh\u00f4ng l\u00e0m thay \u0111\u1ed5i xu h\u01b0\u1edbng t\u0103ng trung v\u00e0 d\u00e0i h\u1ea1n tr\u1eeb khi c\u00f3 s\u1ef1 thay \u0111\u1ed5i c\u01a1 b\u1ea3n trong ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 to\u00e0n c\u1ea7u ho\u1eb7c s\u1ef1 s\u1ee5p \u0111\u1ed5 \u0111\u1ed9t ng\u1ed9t c\u1ee7a nhu c\u1ea7u c\u00f4ng nghi\u1ec7p to\u00e0n c\u1ea7u.<\/p>\n

<\/a>Wmax nghi\u00ean c\u1ee9u c\u1ed1t l\u00f5i v\u00e0 tri\u1ec3n v\u1ecdng th\u1ecb tr\u01b0\u1eddng<\/strong><\/p>\n

T\u1ed5ng h\u1ee3p l\u1ea1i, Wmax tin r\u1eb1ng th\u1ecb tr\u01b0\u1eddng kim lo\u1ea1i qu\u00fd hi\u1ec7n t\u1ea1i \u0111\u00e3 thi\u1ebft l\u1eadp m\u1ed9t m\u00f4 h\u00ecnh c\u1ef1c k\u1ef3 kh\u00e1c bi\u1ec7t, trong \u0111\u00f3 \"v\u00e0ng ch\u1ecbu \u00e1p l\u1ef1c do mua qu\u00e1 m\u1ee9c k\u1ef9 thu\u1eadt v\u00e0 b\u1ea1c \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 m\u1ea1nh m\u1ebd b\u1edfi c\u00e1c nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n\". V\u00e0ng \u0111ang trong giai \u0111o\u1ea1n quan tr\u1ecdng cho qu\u00e1 tr\u00ecnh chuy\u1ec3n \u0111\u1ed5i sang xu h\u01b0\u1edbng t\u0103ng gi\u00e1. S\u1ef1 \u0111\u1ed9t ph\u00e1 c\u1ee7a m\u1ee9c h\u1ed7 tr\u1ee3 c\u1ed1t l\u00f5i l\u00e0 5.100 USD\/ounce v\u00e0 m\u1ee9c kh\u00e1ng c\u1ef1 m\u1ea1nh l\u00e0 5.300 USD\/ounce s\u1ebd tr\u1ef1c ti\u1ebfp quy\u1ebft \u0111\u1ecbnh li\u1ec7u n\u00f3 s\u1ebd ti\u1ebfp t\u1ee5c xu h\u01b0\u1edbng \u0111i l\u00ean hay b\u1eaft \u0111\u1ea7u \u0111i\u1ec1u ch\u1ec9nh s\u00e2u; trong khi b\u1ea1c, v\u1edbi thu\u1ed9c t\u00ednh k\u00e9p l\u00e0 tr\u00e1nh r\u1ee7i ro v\u00e0 c\u00f4ng nghi\u1ec7p, ch\u1ed3ng l\u00ean nhau. Kho\u1ea3ng c\u00e1ch cung v\u00e0 c\u1ea7u ti\u1ebfp t\u1ee5c m\u1edf r\u1ed9ng, v\u00e0 logic t\u0103ng tr\u01b0\u1edfng trung v\u00e0 d\u00e0i h\u1ea1n v\u1eefng ch\u1eafc h\u01a1n. M\u1eb7c d\u00f9 v\u1eabn s\u1ebd c\u00f3 nh\u1eefng bi\u1ebfn \u0111\u1ed9ng trong ng\u1eafn h\u1ea1n do t\u00e1c \u0111\u1ed9ng c\u1ee7a c\u0103ng th\u1eb3ng th\u01b0\u01a1ng m\u1ea1i, t\u00e2m l\u00fd \u0111\u1ea7u c\u01a1 v\u00e0 nh\u1eefng thay \u0111\u1ed5i trong k\u1ef3 v\u1ecdng ch\u00ednh s\u00e1ch c\u1ee7a Fed, xu h\u01b0\u1edbng t\u0103ng chung v\u1ec1 c\u01a1 b\u1ea3n v\u1eabn ch\u01b0a b\u1ecb \u0111\u1ea3o ng\u01b0\u1ee3c. Bi\u1ebfn \u0111\u1ed9ng gi\u00e1 hi\u1ec7n t\u1ea1i mang t\u00ednh ch\u1ea5t \u0111i\u1ec1u ch\u1ec9nh v\u00e0 t\u00edch l\u0169y n\u0103ng l\u01b0\u1ee3ng th\u00f4ng th\u01b0\u1eddng trong qu\u00e1 tr\u00ecnh \u0111i l\u00ean.<\/p>","protected":false},"excerpt":{"rendered":"

V\u00e0ng \u0111\u1ee9ng v\u1eefng \u1edf m\u1ee9c 5.100 USD, nh\u01b0ng t\u00ecnh tr\u1ea1ng mua qu\u00e1 m\u1ee9c trong l\u1ecbch s\u1eed \u0111\u00e3 l\u00e0m t\u0103ng nguy c\u01a1 \u0111i\u1ec1u ch\u1ec9nh. 5.200-5.300 USD \u0111\u00e3 tr\u1edf th\u00e0nh v\u00f9ng kh\u00e1ng c\u1ef1 quan tr\u1ecdng. N\u1ebfu n\u00f3 gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi 5.100, n\u00f3 c\u00f3 th\u1ec3 gi\u1ea3m xu\u1ed1ng c\u00f2n 4.800 USD. B\u1ea1c \u0111\u00e3 d\u1eabn \u0111\u1ea7u m\u1ee9c t\u0103ng trong n\u0103m v\u00e0 d\u1ef1 ki\u1ebfn \u200b\u200bs\u1ebd l\u1eadp k\u1ef7 l\u1ee5c v\u1ec1 m\u1ee9c t\u0103ng h\u00e0ng th\u00e1ng li\u00ean ti\u1ebfp d\u00e0i nh\u1ea5t. C\u00e1c thu\u1ed9c t\u00ednh k\u00e9p c\u1ee7a t\u00e2m l\u00fd lo ng\u1ea1i r\u1ee7i ro v\u00e0 ng\u00e0nh c\u00f4ng nghi\u1ec7p k\u1ebft h\u1ee3p v\u1edbi kho\u1ea3ng c\u00e1ch ngu\u1ed3n cung 67 tri\u1ec7u ounce \u0111\u00e3 \u0111\u1eb7t n\u1ec1n t\u1ea3ng v\u1eefng ch\u1eafc cho xu h\u01b0\u1edbng \u0111i l\u00ean. C\u00e1c bi\u1ebfn \u0111\u1ed9ng hi\u1ec7n t\u1ea1i l\u00e0 hi\u1ec7u chu\u1ea9n b\u00ecnh th\u01b0\u1eddng.<\/p>","protected":false},"author":1,"featured_media":8969,"comment_status":"open","ping_status":"open","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":[121],"tags":[328,650,372],"class_list":["post-8968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-328","tag-650","tag-372"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/8968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/comments?post=8968"}],"version-history":[{"count":1,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/8968\/revisions"}],"predecessor-version":[{"id":8973,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/8968\/revisions\/8973"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media\/8969"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media?parent=8968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/categories?post=8968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/tags?post=8968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}