Investors continue to monitor geopolitical situations and U.S. economic data closely. However, concerns over the conflict between Iran and Israel potentially escalating into a regional war have increased, as Iran’s missile retaliations have intensified.

On Wednesday morning, Iranian forces used their hypersonic Fattah missile for the first time, resulting in over 90% of Iranian missiles successfully striking targets in Israel.

Meanwhile, the U.S. ADP employment report has become a point of focus for the U.S. dollar and gold prices. It is expected that private sector employment will increase by 120,000 jobs in September, compared to an increase of 99,000 jobs in August.

Source: Fxstreet