Silver attracts capital, market becomes polarized.

anh-1_-chi-so-mxv-index-3.7.png — The MXV-Index remains above 2,570 points. *Source: MXV*

At the close of trading, the MXV-Index remained above 2,570 points. According to the Vietnam Commodity Exchange (MXV), silver continued to be the focus of investment in the metals market, accounting for over 70% of the total trading value of the group. At the end of the session, the price of silver rose nearly 1%, to $60.6 per ounce.

Recent metal price trends. *Source: MXV*

According to MXV, physical demand continues to be a long-term market driver. In the first five months of the year, 448 tons of gold and 5,928 tons of silver were actually ordered for delivery on the Comex exchange. Notably, in the first five months of the year, China imported 692 tons of gold, continuing its gold accumulation trend of the past nearly 20 years.

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The crude oil market is quiet ahead of the US holiday season.Crude oil prices in Asia showed little movement on July 3rd, ahead of a long holiday in the US, as traders remained hopeful that negotiations between the US and Iran would yield positive results.

Energy prices plunged, dragging the MXV-Index down.Global commodity markets continue to face downward pressure as selling pressure spreads across the energy sector.

Fuel prices reverse course and fall, E10 drops by nearly 1,000 VND/liter.Gasoline prices reversed course and decreased in today's price adjustment, with E10 gasoline falling to 20,415 VND/liter. Diesel prices were also adjusted downwards.

Trends in world crude oil prices from the beginning of the year to date. *Source: MXV*

In the energy market, oil prices recovered slightly amid declining liquidity. At the close of trading on July 2nd (US time), Brent crude rose more than 0.3% to $71.8 per barrel, while WTI crude increased by approximately 0.16% to nearly $68.7 per barrel.

According to MXV, the increase was mainly due to short-selling activity by investors ahead of the holiday and the weakening of the US dollar. During the session, the Dollar Index fell by more than 0.5%, reaching its lowest level in nearly two weeks, thereby supporting buying interest in the oil market.

domestic-gasoline-and-diesel-prices-from-the-beginning-of-2026.jpg — Trends in domestic gasoline and diesel prices from the beginning of the year to date. *Source: MXV*

However, the prospect of supply from the Middle East remains a factor restraining price increases.

United States - Vietnam: Don't miss

Strengthening the friendship between Vietnam and the United States.On July 3rd, as part of the Pacific Partnership - Friends of the Pacific 2026 program, the U.S. Army Pacific delegation, led by Lieutenant General Joel Vowell, Deputy Commander of the U.S. Army Pacific, paid a courtesy visit to the Quang Tri Provincial Military Command.

The U.S. Army Pacific delegation visits the Quang Tri Provincial Military Command.2026 marks the first time the Pacific Partnership-Friends of the Pacific program will be jointly organized in Quang Tri, creating a large-scale cooperation framework with 25 activities.

The Ministry of Foreign Affairs received a copy of the Letter of Credence for the U.S. Ambassador to Vietnam.On the afternoon of July 2nd, at the Ministry of Foreign Affairs headquarters, Mr. Le Cong Dung, Director of the State Protocol and Foreign Interpretation Department, received a copy of the Letter of Credence from Ms. Jennifer Wicks, Ambassador of the United States of America to Vietnam.

Commenting on the market, Mr. Do Xuan Quy - Deputy General Director of 3D Commodity Trading Joint Stock Company - a member of MXV trading, believes that oil prices are still strongly influenced by geopolitical factors. Any unexpected developments related to conflict or supply disruptions could cause significant market fluctuations in the short term. In addition, OPEC+'s production policy will also be a crucial factor influencing oil price trends in the coming period.

Source: https://hanoimoi.vn/bac-hut-dong-tien-thi-truong-phan-hoa-1210444.html