TOKYO, May 7 (Reuters) - Gold crept higher on Thursday on technical buying ahead of the release of results of the U.S. government's "stress tests" on banks, which will give an indication of the health of financial institutions.

Bullion rose on Wednesday as news reports about the test results trickled out, some of which underscored lingering uncertainties about banks, in turn bolstering bullion's appeal as a safe-haven asset.

The stress tests, which will help show whether financial institutions can weather a deep recession, will be released on Thursday at 5 p.m. EDT (2100 GMT).

"There will be a lot of people ... holding their positions ... (although) you might get a little bit more unwinding before the day's out," said Darren Heathcote of Investec Australia in Sydney.

Gold was at $912.25 per ounce at 0737 GMT, up 0.3 percent from New York's notional close of $909.90.