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Global equities were flat and perceived safe-haven assets like U.S. Treasuries and gold gained on Friday as investors weighed hopes that Europe will continue to rebound from the economic damage of the coronavirus pandemic against concerns about a record number of new COVID-19 infections in the United States. The euro zone is "probably past" the worst of the economic crisis caused by the pandemic, European Central Bank President Christine Lagarde said, while urging authorities to prepare for a possible second wave. There was a rise of at least 39,818 coronavirus cases across the United States on Thursday, the largest one-day increase yet.