London — Gold touched its lowest in more than two weeks on Monday as markets remained nervous ahead of a US central bank meeting that could raise interest rates and signal three more increases this year. The price of gold had bounced after each of the five previous US rate increases and was expected to again, said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen. "We have plenty of geopolitical risks and uncertainty, which continue to provide support, and once the rate hike’s out of the way the market will return its attention to whether Washington is moving further towards protectionism and trade wars, which could lead to lower growth," he said. Spot gold, which fell for a fourth consecutive session, was down 0.1% at $1,312/oz at 10.50am GMT. It earlier dropped to $1,307.51, its lowest since March 1. US gold futures for April delivery eased by 0.1% to $1,311.60. "We have a band of support at $1,300/oz-$1,307/oz — there’s the 100-day moving average coming in, there’...
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