May 25 (Reuters) - Gold prices edged up on Thursday as investors waited for developments in drawn-out debt ceiling negotiations in Washington, with gains in bullion capped by the U.S. dollar rising to a more than two-month high.

Spot gold was 0.2% higher at $1,961.77 per ounce by 1155 GMT. U.S. gold futures eased 0.1% to $1,962.60...[LINK]