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[British Auto Industry Calls on EU to Recognize UK-Made Vehicles and Parts as Equivalent to EU Products] The Society of Motor Manufacturers and Traders (SMMT) is calling on the European Union to recognize UK-made vehicles, parts, and materials as equivalent to EU products in order to protect market competition, consumer choice, and supply chain stability.

[RBA Assistant Governor Hunt Says Another Rate Hike May Be Necessary to Curb Inflation] 1. Reserve Bank of Australia (RBA) Assistant Governor Jeremy Hunt reiterated on a podcast on Tuesday that a fourth rate hike this year may be necessary to ensure inflation is under control. This statement underscores market bets on a rate hike by the RBA as early as next week. 2. Hunt stated that the central bank's policy committee is concerned that inflation may remain high for too long and could become entrenched in pricing behavior. She said there are many reasons why inflation may be slightly higher than currently believed, including the Middle East conflict pushing up energy costs and signs that domestic demand is exceeding supply. 3. She noted that the committee may feel it necessary to raise the cash rate again to allow the economy to slow slightly further in order to truly address these pressures.

[UK Confirms Manchester to Host 2027 G20 Summit] 1. The British government has confirmed that Manchester will host the G20 summit, welcoming leaders of the world's major economies next year. 2. A statement from British Prime Minister Andy Burnham's office said that Burnham will announce the G20 leaders' summit during his first trip to New York for the UN General Assembly.

Spot gold has just broken through the $4,360.00/ounce mark, and is currently trading at $4,360.05/ounce, up 0.38% on the day; COMEX gold futures are currently trading at $4,397.20/ounce, up 0.30% on the day.

Spot platinum has just broken through the $1810.00/oz mark, last trading at $1810.10/oz, up 0.34% on the day; Nymex platinum futures main contract was last trading at $1805.4/oz, up 0.22% on the day.

Reserve Bank of Australia economists say interest rates may need to be raised again.