Gold rises as investors shy away from risk amid US political uncertainty

Gold prices climbed on Monday, with investor appetite for risk curbed by worries over a partial U.S. government shutdown, Sino-U.S. trade tensions and faltering global economic growth.

FUNDAMENTALS

* Spot gold had risen 0.4 percent to to $1,261.47 per ounce by 0103 GMT.

* U.S. gold futures were up 0.5 percent at $1,264.1 per ounce.

* The dollar index, a gauge of its value versus six major peers, was steady at 96.90 in early Asian trade.

* The U.S. economy slowed slightly more than previously estimated in the third quarter and momentum appears to have moderated further in the fourth quarter, with new orders and shipments of manufactured capital goods falling in November.

* The partial U.S. government shutdown was almost certain to drag through the Christmas holiday after the Senate adjourned on Saturday without breaking an impasse over President Donald Trump's demand for more funds for a border wall.

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