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The gold market took a breather on Friday, September 27, 2024, after a remarkable streak of record-setting performances. Prices dipped slightly, ending a seven-day winning run that had captivated investors worldwide. The precious metal’s December futures contract closed at $2,668.10 per troy ounce on the Comex exchange. This represented a 0.99% decline for the day, […]
Ibovespa Dips as Market Risk Aversion Grows; Vale and Petrobras Offer No Support
The Brazilian stock market index, Ibovespa, started the week with a slight decline. Vale and Petrobras, two major players, failed to provide the necessary boost to the market. The trading session began on a positive note this Monday, but investor sentiment soon shifted. New data on public accounts and a revised Selic rate forecast in […]
Brazilian retail sector grew by 1.3% in first half of 2023
The Brazilian retail sector grew 1.3% in the first half of 2023 compared to the same period in the previous year. This uptick was largely driven by a surge in fuel sales, as reported by the government. Data from the Brazilian Institute of Geography and Statistics (IBGE) highlighted that retail sales also rose by 1.3% […]