Use extreme caution - it could be a wheel bearing problem.
I had an intermittant metal on metal sound on my GLIII Jetta years ago and ended up being a rear wheel bearing. After the dealership diagnosed it, they said it was fine to dive on until the service date (one week later). As it turns out this was really bad advice.
Long story short - on a latenight drive home a few days later the wheel started wobbling, which eventually took out the rear brakes, and then the entire wheel came off the car (while in motion). I crashed down on my axle and watched the wheel roll down the road in front of me. I was lucky enough to only be going about 5 mph when it came off, but still the chance for a more spectacular disaster was there. I eventually got the dealership to cover everything that broke as a result, but it was a long and drawn out process that left me carless for weeks.
My advice...assume the worst and do not drive the car if possible.
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