I grew up in Russia, where chess was a spectator sport. Chess is almost as old as the New Testament and has only gone through minor changes over its long history. Chess has the longest recorded history of any sport – you can study the first recorded game, played in Valencia, Spain in 1475. The game, which was called “Scachs d'Amor” (“The Chess Game of Love”) by those who played and recorded it, comes to us in the form of a poem comprising 64 stanzas of 9 lines each.
The gold price is back above $1,700 an ounce as fundamentals continue to support a bullish trend for the yellow metal. Risk aversion returned in full force today, battering stocks and dragging indices into the red.
