{"id":23476,"date":"2025-12-19T05:31:33","date_gmt":"2025-12-19T05:31:33","guid":{"rendered":"https:\/\/www.maxainasia.com\/?p=23476"},"modified":"2025-12-19T05:31:33","modified_gmt":"2025-12-19T05:31:33","slug":"daily-commentary-318","status":"publish","type":"post","link":"https:\/\/www.meisheng.asia\/vi\/daily-commentary-318-20251219\/","title":{"rendered":"V\u00e0ng d\u01b0\u1eddng nh\u01b0 \u0111ang g\u1eb7p r\u1ee7i ro khi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 USD kh\u00f4ng quan t\u00e2m \u0111\u1ebfn ch\u1ec9 s\u1ed1 CPI c\u1ee7a M\u1ef9 gi\u1ea3m nh\u1eb9."},"content":{"rendered":"<ul style=\"color:#f40307\" class=\"wp-block-list has-text-color\">\n<li><strong>Gi\u00e1 v\u00e0ng gi\u1ea3m nh\u1eb9 v\u00e0o th\u1ee9 S\u00e1u v\u00e0 ch\u1ecbu \u00e1p l\u1ef1c t\u1eeb s\u1ef1 k\u1ebft h\u1ee3p c\u1ee7a nhi\u1ec1u y\u1ebfu t\u1ed1.<\/strong><\/li>\n\n\n\n<li><strong>Ch\u1ec9 s\u1ed1 gi\u00e1 ti\u00eau d\u00f9ng (CPI) c\u1ee7a M\u1ef9 gi\u1ea3m nh\u1eb9 \u0111\u00e3 l\u00e0m suy y\u1ebfu v\u1ecb th\u1ebf c\u1ee7a kim lo\u1ea1i qu\u00fd nh\u01b0 m\u1ed9t c\u00f4ng c\u1ee5 ph\u00f2ng ng\u1eeba l\u1ea1m ph\u00e1t.<\/strong><\/li>\n\n\n\n<li><strong>S\u1ef1 t\u0103ng nh\u1eb9 c\u1ee7a \u0111\u1ed3ng USD c\u0169ng l\u00e0m suy y\u1ebfu gi\u00e1 v\u00e0ng, b\u1ea5t ch\u1ea5p k\u1ef3 v\u1ecdng v\u1ec1 vi\u1ec7c C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang (Fed) c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t.<\/strong><\/li>\n<\/ul>\n\n\n\n<p>V\u00e0ng ti\u1ebfp t\u1ee5c \u0111\u00e0 gi\u1ea3m t\u1eeb m\u1ee9c cao k\u1ef7 l\u1ee5c trong phi\u00ean giao d\u1ecbch cu\u1ed1i ng\u00e0y h\u00f4m tr\u01b0\u1edbc v\u00e0 thu h\u00fat th\u00eam \u00e1p l\u1ef1c b\u00e1n trong phi\u00ean giao d\u1ecbch ch\u00e2u \u00c1 v\u00e0o th\u1ee9 S\u00e1u. B\u00e1o c\u00e1o CPI c\u1ee7a M\u1ef9 c\u00f4ng b\u1ed1 v\u00e0o th\u1ee9 N\u0103m cho th\u1ea5y \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t \u0111ang gi\u1ea3m b\u1edbt. \u0110i\u1ec1u n\u00e0y tr\u1edf th\u00e0nh y\u1ebfu t\u1ed1 ch\u00ednh l\u00e0m suy y\u1ebfu nhu c\u1ea7u \u0111\u1ed1i v\u1edbi kim lo\u1ea1i qu\u00fd, v\u1ed1n \u0111\u01b0\u1ee3c xem l\u00e0 c\u00f4ng c\u1ee5 ph\u00f2ng ng\u1eeba r\u1ee7i ro tr\u01b0\u1edbc s\u1ef1 gia t\u0103ng c\u1ee7a gi\u00e1 c\u1ea3. Ngo\u00e0i ra, s\u1ef1 gia t\u0103ng nhu c\u1ea7u mua USD v\u00e0 t\u00e2m l\u00fd r\u1ee7i ro t\u00edch c\u1ef1c c\u0169ng t\u1ea1o th\u00eam \u00e1p l\u1ef1c gi\u1ea3m gi\u00e1 \u0111\u1ed1i v\u1edbi m\u1eb7t h\u00e0ng n\u00e0y.<\/p>\n\n\n\n<p>B\u00e1o c\u00e1o ch\u1eadm tr\u1ec5 do C\u1ee5c Th\u1ed1ng k\u00ea Lao \u0111\u1ed9ng M\u1ef9 c\u00f4ng b\u1ed1 v\u00e0o th\u1ee9 N\u0103m cho th\u1ea5y ch\u1ec9 s\u1ed1 gi\u00e1 ti\u00eau d\u00f9ng (CPI) chung \u0111\u00e3 t\u0103ng 2,71% so v\u1edbi c\u00f9ng k\u1ef3 n\u0103m ngo\u00e1i (YoY) trong th\u00e1ng 11, th\u1ea5p h\u01a1n m\u1ee9c d\u1ef1 b\u00e1o 3,11%. Ngo\u00e0i ra, ch\u1ec9 s\u1ed1 CPI l\u00f5i (lo\u1ea1i tr\u1eeb gi\u00e1 th\u1ef1c ph\u1ea9m v\u00e0 n\u0103ng l\u01b0\u1ee3ng bi\u1ebfn \u0111\u1ed9ng) c\u0169ng kh\u00f4ng \u0111\u1ea1t d\u1ef1 b\u00e1o chung v\u00e0 t\u0103ng 2,61% trong th\u00e1ng tr\u01b0\u1edbc. Tuy nhi\u00ean, c\u00e1c nh\u00e0 kinh t\u1ebf c\u1ea3nh b\u00e1o r\u1eb1ng c\u00e1c con s\u1ed1 n\u00e0y c\u00f3 th\u1ec3 b\u1ecb m\u00e9o m\u00f3 do cu\u1ed9c \u0111\u00f3ng c\u1eeda ch\u00ednh ph\u1ee7 M\u1ef9 d\u00e0i nh\u1ea5t trong l\u1ecbch s\u1eed. \u0110i\u1ec1u n\u00e0y, ng\u01b0\u1ee3c l\u1ea1i, gi\u00fap \u0111\u1ed3ng USD thu h\u00fat s\u1ef1 quan t\u00e2m trong ba ng\u00e0y li\u00ean ti\u1ebfp v\u00e0 t\u0103ng tr\u1edf l\u1ea1i g\u1ea7n m\u1ee9c \u0111\u1ec9nh tu\u1ea7n, \u0111\u1ea1t \u0111\u01b0\u1ee3c v\u00e0o th\u1ee9 T\u01b0. M\u1ed9t \u0111\u1ed3ng USD m\u1ea1nh h\u01a1n c\u00f3 xu h\u01b0\u1edbng l\u00e0m gi\u1ea3m nhu c\u1ea7u \u0111\u1ed1i v\u1edbi c\u00e1c h\u00e0ng h\u00f3a \u0111\u1ecbnh gi\u00e1 b\u1eb1ng USD, bao g\u1ed3m c\u1ea3 V\u00e0ng.<\/p>\n\n\n\n<p>Tuy nhi\u00ean, d\u1eef li\u1ec7u l\u1ea1m ph\u00e1t quan tr\u1ecdng n\u00e0y kh\u00f4ng l\u00e0m gi\u1ea3m b\u1edbt k\u1ef3 v\u1ecdng v\u1ec1 vi\u1ec7c C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (Fed) s\u1ebd ti\u1ebfp t\u1ee5c n\u1edbi l\u1ecfng ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7. C\u00e1c nh\u00e0 giao d\u1ecbch v\u1eabn d\u1ef1 \u0111o\u00e1n Fed s\u1ebd c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t th\u00eam 63 \u0111i\u1ec3m c\u01a1 b\u1ea3n v\u00e0o n\u0103m 2026. Th\u00eam v\u00e0o \u0111\u00f3, T\u1ed5ng th\u1ed1ng M\u1ef9 Donald Trump cho bi\u1ebft ng\u01b0\u1eddi \u0111\u1ee9ng \u0111\u1ea7u Fed ti\u1ebfp theo s\u1ebd l\u00e0 ng\u01b0\u1eddi \u1ee7ng h\u1ed9 vi\u1ec7c gi\u1ea3m m\u1ea1nh l\u00e3i su\u1ea5t. \u0110i\u1ec1u n\u00e0y c\u00f3 th\u1ec3 h\u1ed7 tr\u1ee3 cho v\u00e0ng - m\u1ed9t t\u00e0i s\u1ea3n kh\u00f4ng sinh l\u00e3i. Trong khi \u0111\u00f3, tri\u1ec3n v\u1ecdng v\u1ec1 vi\u1ec7c gi\u1ea3m l\u00e3i su\u1ea5t t\u1ea1i M\u1ef9 \u0111\u00e3 kh\u01a1i d\u1eady l\u1ea1i s\u1ef1 th\u00e8m mu\u1ed1n c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ed1i v\u1edbi c\u00e1c t\u00e0i s\u1ea3n r\u1ee7i ro. \u0110i\u1ec1u n\u00e0y th\u1ec3 hi\u1ec7n qua xu h\u01b0\u1edbng t\u00edch c\u1ef1c chung tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n v\u00e0 b\u00f9 \u0111\u1eafp cho y\u1ebfu t\u1ed1 h\u1ed7 tr\u1ee3, c\u1ee7ng c\u1ed1 l\u1eadp lu\u1eadn cho m\u1ed9t \u0111\u1ee3t gi\u1ea3m gi\u00e1 ng\u1eafn h\u1ea1n ti\u1ebfp theo c\u1ee7a c\u1eb7p XAU\/USD.<\/p>\n\n\n\n<p>Nh\u00e0 giao d\u1ecbch hi\u1ec7n \u0111ang theo d\u00f5i l\u1ecbch kinh t\u1ebf c\u1ee7a M\u1ef9 \u2013 bao g\u1ed3m D\u1eef li\u1ec7u B\u00e1n Nh\u00e0 Hi\u1ec7n H\u1eefu v\u00e0 Ch\u1ec9 s\u1ed1 Ni\u1ec1m Tin Ng\u01b0\u1eddi Ti\u00eau D\u00f9ng c\u1ee7a \u0110\u1ea1i h\u1ecdc Michigan (\u0111\u00e3 \u0111i\u1ec1u ch\u1ec9nh). \u0110i\u1ec1u n\u00e0y, c\u00f9ng v\u1edbi c\u00e1c b\u00ecnh lu\u1eadn t\u1eeb c\u00e1c th\u00e0nh vi\u00ean c\u00f3 \u1ea3nh h\u01b0\u1edfng c\u1ee7a \u1ee6y ban Th\u1ecb tr\u01b0\u1eddng M\u1edf Li\u00ean bang (FOMC), c\u00f3 th\u1ec3 t\u1ea1o \u0111\u1ed9ng l\u1ef1c cho \u0111\u1ed3ng USD v\u00e0 mang l\u1ea1i c\u01a1 h\u1ed9i ng\u1eafn h\u1ea1n xung quanh v\u00e0ng. Trong khi \u0111\u00f3, c\u1eb7p XAU\/USD v\u1eabn c\u00f3 v\u1ebb s\u1eb5n s\u00e0ng ghi nh\u1eadn m\u1ee9c t\u0103ng nh\u1eb9 trong tu\u1ea7n th\u1ee9 hai li\u00ean ti\u1ebfp. Tuy nhi\u00ean, b\u1ed1i c\u1ea3nh c\u01a1 b\u1ea3n cho th\u1ea5y h\u01b0\u1edbng \u0111i d\u1ec5 d\u00e0ng nh\u1ea5t cho v\u00e0ng l\u00e0 gi\u1ea3m gi\u00e1 v\u00e0 c\u1ea7n th\u1eadn tr\u1ecdng \u0111\u1ed1i v\u1edbi c\u00e1c nh\u00e0 giao d\u1ecbch l\u1ea1c quan, m\u1eb7c d\u00f9 c\u1ea7n c\u00f3 s\u1ef1 ph\u00e1 v\u1ee1 v\u00e0 ch\u1ea5p nh\u1eadn d\u01b0\u1edbi m\u1ee9c $4.300 \u0111\u1ec3 x\u00e1c nh\u1eadn l\u1ea1i tri\u1ec3n v\u1ecdng ti\u00eau c\u1ef1c.<\/p>\n\n\n\n<h5 class=\"wp-block-heading has-vivid-red-color has-text-color has-small-font-size\">Ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt h\u00e0ng ng\u00e0y<\/h5>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"427\" src=\"https:\/\/www.maxainasia.com\/wp-content\/uploads\/2025\/12\/image-12-1024x427.png\" alt=\"\" class=\"wp-image-23477\" srcset=\"https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/12\/image-12-1024x427.png 1024w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/12\/image-12-300x125.png 300w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/12\/image-12-768x321.png 768w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/12\/image-12-18x8.png 18w, https:\/\/www.meisheng.asia\/wp-content\/uploads\/2025\/12\/image-12.png 1536w\" sizes=\"(max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px\" \/><\/figure>\n\n\n\n<p>S\u1ef1 b\u1ee9t ph\u00e1 gi\u1ea3 m\u1ea1o qua v\u00f9ng cung $4,350-$4,355 trong \u0111\u00eam v\u00e0 s\u1ef1 s\u1ee5t gi\u1ea3m sau \u0111\u00f3 xu\u1ed1ng d\u01b0\u1edbi \u0111\u01b0\u1eddng trung b\u00ecnh \u0111\u1ed9ng 100 gi\u1edd (SMA) v\u00e0o th\u1ee9 S\u00e1u \u1ee7ng h\u1ed9 phe b\u00e1n XAU\/USD. Tuy nhi\u00ean, c\u00e1c ch\u1ec9 b\u00e1o dao \u0111\u1ed9ng h\u1ed7n h\u1ee3p tr\u00ean bi\u1ec3u \u0111\u1ed3 gi\u1edd v\u00e0 ng\u00e0y khi\u1ebfn vi\u1ec7c ch\u1edd \u0111\u1ee3i s\u1ef1 b\u00e1n th\u00e1o ti\u1ebfp theo d\u01b0\u1edbi m\u1ed1c $4,300 tr\u01b0\u1edbc khi \u0111\u1eb7t v\u1ecb th\u1ebf cho nh\u1eefng t\u1ed5n th\u1ea5t s\u00e2u h\u01a1n tr\u1edf n\u00ean th\u1eadn tr\u1ecdng. V\u00e0ng c\u00f3 th\u1ec3 gi\u1ea3m xu\u1ed1ng v\u00f9ng $4,272-4,271 ho\u1eb7c m\u1ee9c th\u1ea5p nh\u1ea5t trong tu\u1ea7n. Ti\u1ebfp theo l\u00e0 \u0111i\u1ec3m kh\u00e1ng c\u1ef1 ngang $4,260-4,255 \u0111\u00e3 chuy\u1ec3n th\u00e0nh h\u1ed7 tr\u1ee3. N\u1ebfu m\u1ee9c n\u00e0y b\u1ecb ph\u00e1 v\u1ee1, \u0111i\u1ec1u \u0111\u00f3 cho th\u1ea5y gi\u00e1 v\u00e0ng \u0111\u00e3 \u0111\u1ea1t \u0111\u1ec9nh v\u00e0 c\u00f3 th\u1ec3 m\u1edf \u0111\u01b0\u1eddng cho m\u1ee9c $4,200.<\/p>\n\n\n\n<p>M\u1eb7t kh\u00e1c, v\u00f9ng $4,338-4,340 hi\u1ec7n nay d\u01b0\u1eddng nh\u01b0 \u0111ang \u0111\u00f3ng vai tr\u00f2 l\u00e0 r\u00e0o c\u1ea3n ngay l\u1eadp t\u1ee9c, v\u00e0 n\u1ebfu v\u01b0\u1ee3t qua m\u1ee9c n\u00e0y, c\u1eb7p XAU\/USD c\u00f3 th\u1ec3 th\u1ef1c hi\u1ec7n m\u1ed9t n\u1ed7 l\u1ef1c m\u1edbi \u0111\u1ec3 th\u00e1ch th\u1ee9c \u0111\u1ec9nh cao m\u1ecdi th\u1eddi \u0111\u1ea1i, quanh v\u00f9ng $4,380, \u0111\u01b0\u1ee3c thi\u1ebft l\u1eadp v\u00e0o th\u00e1ng 10. M\u1ed9t \u0111\u1ee3t mua theo sau, d\u1eabn \u0111\u1ebfn vi\u1ec7c v\u01b0\u1ee3t qua m\u1ed1c $4,400, s\u1ebd \u0111\u01b0\u1ee3c xem l\u00e0 t\u00edn hi\u1ec7u m\u1edbi cho c\u00e1c nh\u00e0 giao d\u1ecbch t\u0103ng gi\u00e1 v\u00e0 cho ph\u00e9p gi\u00e1 V\u00e0ng k\u00e9o d\u00e0i xu h\u01b0\u1edbng t\u0103ng \u0111\u00e3 \u0111\u01b0\u1ee3c thi\u1ebft l\u1eadp v\u1eefng ch\u1eafc t\u1eeb m\u1ee9c d\u01b0\u1edbi $3,900, ho\u1eb7c m\u1ee9c \u0111\u00e1y dao \u0111\u1ed9ng c\u1ee7a th\u00e1ng 10.<\/p>","protected":false},"excerpt":{"rendered":"<p>Gold extends the previous day&#8217;s late pullback from the vicinity of the record high and attracts some follow-through selling during the Asian session on Friday. The US CPI report released on Thursday pointed to cooling of inflationary pressure. This turns out to be a key factor undermining demand for the previous metal, which is seen &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.meisheng.asia\/vi\/daily-commentary-318-20251219\/\" class=\"more-link\">\u0110\u1ecdc ti\u1ebfp<span class=\"screen-reader-text\"> &#8220;GOLD seems vulnerable as USD bulls shrug off softer US CPI&#8221;<\/span><\/a><\/p>","protected":false},"author":5,"featured_media":17233,"comment_status":"closed","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":[12],"tags":[],"class_list":["post-23476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-commentary"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.meisheng.asia\/vi\/wp-json\/wp\/v2\/posts\/23476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.meisheng.asia\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meisheng.asia\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meisheng.asia\/vi\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meisheng.asia\/vi\/wp-json\/wp\/v2\/comments?post=23476"}],"version-history":[{"count":1,"href":"https:\/\/www.meisheng.asia\/vi\/wp-json\/wp\/v2\/posts\/23476\/revisions"}],"predecessor-version":[{"id":23478,"href":"https:\/\/www.meisheng.asia\/vi\/wp-json\/wp\/v2\/posts\/23476\/revisions\/23478"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meisheng.asia\/vi\/wp-json\/wp\/v2\/media\/17233"}],"wp:attachment":[{"href":"https:\/\/www.meisheng.asia\/vi\/wp-json\/wp\/v2\/media?parent=23476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meisheng.asia\/vi\/wp-json\/wp\/v2\/categories?post=23476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meisheng.asia\/vi\/wp-json\/wp\/v2\/tags?post=23476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}