Spot palladium rose 3% to $1,385.98/oz.

G20 innovation ministers met in Chapel Hill, North Carolina on Sept. 1-2; technology and trade ministers from G20 members and guest countries attended. Trade discussions focused on intellectual property policy for AI innovation, coordination between AI and standards, industrial innovation and supply-chain investment. MOFCOM Vice Minister Jiang Chenghua attended and spoke, and held bilateral meetings with US, Brazil, Italy and Russia delegations; Jiang said China views open-source approaches and openness as intrinsic to AI development and an effective way to narrow the digital-intelligence divide, and said China is willing to work with G20 members to build open, inclusive, resilient and sustainable supply chains and share AI development gains.

Ukraine's foreign minister says peace talks will see new developments.