According to the German Frankfurter Allgemeine Zeitung: Volkswagen labor representative Bernd Osterloh criticized the CEO's plan to lay off employees. Osterloh stated that the elimination of 50,000 jobs is a "strong provocation" by the CEO. The company has a "cost problem" that needs to be addressed.

National Bureau of Statistics: Price indices both rebounded in August. Driven by recent increases in crude oil and non-ferrous metal prices, the purchase price index and ex-factory price index for major raw materials in the manufacturing sector rose to 56.6% and 50.4% respectively, up by 3.4 and 2.6 percentage points from the previous month. The ex-factory price index has returned to the expansion range. By industry, both price indices for the non-ferrous metal smelting and rolling-processing i

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Spot gold has just surpassed the $4,440.00 per ounce mark, now quoted at $4,439.82 per ounce, down 0.32% on the day; COMEX gold futures main contract is now at $4,489.50 per ounce, down 0.89% on the day.

Spot platinum has just broken through the $1,810.00/oz level, now quoted at $1,809.55/oz, down 0.62% on the day; Nymex main platinum futures are now quoted at $1,825.1/oz, down 1.57% on the day.