Transform gizmo is not working when nearclipplane in project settings > Engine > General settings is 0.00001

Setting near clip plane like 0.00001 makes unable to move with transform gizmo.

if user set value to 0.0001, it is no longer reproduced.

it should clip value like 0.00001

1) Open any project

2) Go to Project settings  > Engine > General Settings > Near clip plane

3) Set value to 0.00001

4) Re-open the project

5) Try to put a cube into viewport

Expected: The new cube is located on top of mouse cursor and can be relocated following translation gizmo.

Result: The new cube is not visible at the time of mouse release and can't move with translation gizmo.

Dell Precision Tower 7810
Intel(R) Xeon(R) CPU E5-2643 v3 @ 3.40GHz
64.0GB Ram
NVIDIA GeForce GTX 1070 Driver version 430.39
Windows 10 Enterprise (10.0, Build 18362)
DirectX 12