Oil Prices Fall, Gold Recovers, US Dow Jones Rises 875 Points

Global oil prices experienced a downturn on June 5 (Vietnam time), with Brent crude dropping over 2% to $95.36 per barrel and US WTI crude losing 2.5% to $92.9 per barrel. This decline was partly attributed to easing tensions in the US-Iran conflict, following the US House of Representatives' passage of a resolution to withdraw troops. President Trump also indicated positive ongoing negotiations with Iran.

In contrast, gold prices saw a recovery, trading around $4,463 per ounce, a $50 increase from the previous day's low. This rebound was driven by a weakening US dollar and declining US Treasury yields, which typically boost demand for the precious metal.

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the US House of Representatives passed a resolution calling for the withdrawal of US troops from the conflict with Iran, a political blow to President Donald Trump, who launched the war in late February.

The US stock market presented a mixed performance. The Dow Jones Industrial Average closed with a substantial gain of 875 points, or 1.73%, reaching 51,562.30 points. The S&P 500 also rose by 0.41% to 7,584 points. However, the tech-heavy Nasdaq Composite experienced a slight dip of 0.09%, closing at 26,830.96 points.

Domestically, Vietnam's VN-Index increased by 12.54 points, or 0.69%, to 1,831.55 points, though it remained below the key resistance level of 1,850 points. In corporate news, Vietnam Rubber Group (GVR) announced it does not currently meet the criteria for a public company due to its shareholder structure, despite the Ministry of Finance holding a 96.77% stake. Separately, Phat Dat Real Estate Development (PDR) approved the transfer of its entire stake in Serenity Investment Company, representing 99.34% of the latter's charter capital.

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negotiations with Iran are proceeding 'very well' and could yield results as early as this weekend.