Trading of Precious Metals Rises Sharply on Mercantile Exchange of Vietnam
October 9, 2024
Statistics from the Mercantile Exchange of Vietnam (MXV) indicate a significant increase in trading activity last quarter, with precious metals emerging as the most actively traded asset in Vietnam, accounting for 21.5% of the trading volume on MXV.
Other metals, such as copper and silver, also showed notable trading activity, ranking seventh and ninth with 5.7% and 5.2% of the trading volume, respectively. The rising popularity of metals among investors suggests a shift in market structure and investment strategies.
According to the MXV's Deputy CEO, the favorable price environment for precious metals is expected to persist throughout the year, driven by declining rates from leading global central banks.
