Demand for the precious metal, which is considered a safe haven in times of financial or political turmoil, has been growing Gold prices have been hovering near record highs this week on renewed investor concerns of a deepening US financial crisis and the possibility of a recession this year.

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Brussels is preparing a document allowing goods to enter the Russian exclave, MEP Petras Austrevicius has claimed European Union officials have drafted a document that would allow the transit of sanctioned goods between Russia and its European exclave, Kaliningrad, Lithuanian MEP Petras Asutrevicius claimed on Saturday. Lithuania has banned the flow of certain goods in…