The XAU/USD pair is consolidating after a fairly active decline last Friday, June 2, which leveled all attempts to increase the instrument during the trading week. Gold is testing 1945.00 for a breakdown, waiting for new drivers to appear on the market. The reason for the active decline in quotations was the May report on the labor market published in the US. The data showed an increase in the Unemployment Rate from 3.4% to 3.7%, which was significantly higher than the expected increase to 3.5%, while the Nonfarm Payrolls increased by 339.0 thousand against the forecast of 190.0 thousand. Investors fear that the growing tension in the labor market will increase pressure on the US Federal Reserve's position on the issue of further tightening of monetary policy. The next meeting of the regulator will take place on June 13-14, and at the moment analysts predict that the interest rate will remain unchanged with a probability of about 66.0%.
