NEW YORK (Reuters) - Stocks on Wall Street mostly slid on Monday over concerns of what the coronavirus pandemic will do to corporate earnings, while crude prices were mixed as a global deal on record output cuts failed to quell doubts the pact would head off an oil glut.

Gold prices rose to their highest in more than seven years and the dollar fell slightly, with volume thin due to the Easter Monday holiday across Europe and parts of Asia, where markets in Australia, New Zealand and Hong Kong were closed.

U.S. Treasury yields rose, bolstered by hopes for reopening the U.S. economy weeks after restrictions to fight the fast-spreading disease shut it down. But the oil glut reminded investors of the deep economic contraction countries still face.

Britain’s finance minister told colleagues the UK’s economy could shrink by 25% to 30% between April and June because of the coronavirus lockdown, the Times newspaper reported.

The slump in China’s exports is expected to have extended into March, while a collapse in oil prices likely deepened a decline in imports, a Reuters poll showed.

Chinese exports are expected to have fallen 14% in March from a year earlier, slowing the downturn somewhat from a 17.2% contraction in the January-February period. Imports are set to have shrunk 9.5% from a year earlier, the sharpest drop since July 2016 and deeper than a 4.0% decline in January-February.

“The market wants to find confidence in some of the recent developments, but I still think it’s going to be a very long slog,” said Gennadiy Goldberg, senior rates strategist at TD Securities in New York.

MSCI's gauge of stocks across the globe .MIWD00000PUS shed 0.75% and its emerging market stock index lost 0.57%.

The Dow and S&P 500 fell, snapping last week’s strong gains, while a 6.2% gain in Amazon shares helped the Nasdaq end higher.

FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri

The Dow Jones Industrial Average .DJI fell 328.6 points, or 1.39%, to 23,390.77. The S&P 500 .SPX lost 28.19 points, or 1.01%, to 2,761.63 and the Nasdaq Composite .IXIC added 38.85 points, or 0.48%, to 8,192.43.

Corporate America reports first-quarter results this week, starting what is expected to be a painful quarterly earnings season due to the coronavirus pandemic.

Earnings for S&P 500 firms are expected to tumble 9.0% in the first quarter, compared with a Jan. 1 forecast of a 6.3% rise, before plummeting 20.7% in the second quarter as sweeping lockdowns halted business activity and spark furloughs.

The outbreak could reach its U.S. peak this week, a top U.S. health official said, and New York Governor Andrew Cuomo declared “the worst is over” for his state, the U.S. epicenter of the virus.

The United States, with the world’s third-largest population, has recorded more than 22,800 fatalities from COVID-19, or more than any other country, a Reuters tally shows.

Japan's Nikkei .N225 fell 1.9% overnight and South Korean shares .KS11 dropped 1.3%, while China's CSI300 index .CSI300 lost 0.5%.

Oil prices have slumped more than 50% from their January peak as the coronavirus pandemic hit fuel demand.

International benchmark Brent futures LCOc1 rose 26 cents to settle at $31.74 per barrel. U.S. West Texas Intermediate (WTI) crude futures CLc1 fell 35 cents to settle at $22.41 per barrel in a volatile session.

The dollar index =USD fell 0.045% and the Japanese yen JPY= strengthened 0.65% versus the greenback at 107.76 per dollar.

Gold, seen as a store of value when inflation picks up, rose as investors sought the safe-haven on fear of the harm the coronavirus will do to the global growth and corporate earnings.

U.S. gold futures GCcv1 settled 0.5% higher at $1,761.40 an ounce and hit their highest since February 2013 at $1,769.50.

Central banks are doing everything in their power to support the stock market and economy, which will eventually lead to inflation, said Phil Streible, chief market strategist at Blue Line Futures in Chicago.

“Yields on debt instruments are virtually zero, which increases physical demand for gold and silver as a safe-haven asset,” Streible said.

Benchmark 10-year U.S. Treasury notes US10YT=RR fell 11/32 in price to lift their yield to 0.7586%.