"The spot price has jumped by 1.5 percent to $1,303.63 for an ounce on Wednesday early trading. February futures rose by 1.2 percent to $1,292.50 an ounce on the New York Comex.
Last week the price rose by 4.7 percent for the first time since 2013. Gold has added 10 percent to its value since the beginning of the year.
Earlier this week the IMF and EBRD cut its forecast for world economic growth due to geopolitical tensions and falling oil prices."