Gold Edges Up But Risk-On Sentiment Limits Gains

Gold prices inched higher on Thursday amid concerns about global economic growth and a partial US government shutdown, although a rebound in investor risk-appetite in the previous session limited gains.

Spot gold rose 0.4 percent to $1,271.85 per ounce by 0102 GMT. In the previous session, the metal hit $1,279.06 an ounce, its highest since June 19.

US gold futures inched up 0.1 percent to $1,273.9 per ounce.

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