Gold futures finished Monday at a more than seven-year high as a grim outlook on the spread of coronavirus supported investor appetite for the haven metal, even as U.S. benchmark stock indexes climbed on hope that fatalities from the pandemic will soon reach a peak.

The U.S. Surgeon General Jerome Adams on Sunday said “this is going to be the hardest and saddest week of most Americans’ lives, quite frankly.” He told “Fox News Sunday” that “this is going to be our Pearl Harbor moment, our 9/11 moment, only it’s not going to be localized.”

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