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The number of confirmed COVID-19 cases in Florida increased by 9,585 on Saturday to post the biggest daily increase since the pandemic started, the state’s health department announced, as reported by Reuters.

This development is likely to cause markets to remain risk-averse at the start of the new week, which could provide a boost to safe-havens such as gold and JPY while weighing on global stock indexes.

This week, the S&P 500 lost 2.85% and closed a little above the critical 3,000 mark. Moreover, the 10-year US Treasury bond yield fell 8.5% on a weekly basis.