{"id":4050,"date":"2026-02-23T18:01:53","date_gmt":"2026-02-23T07:01:53","guid":{"rendered":"https:\/\/www.amillex.com\/?p=4050"},"modified":"2026-02-23T18:01:54","modified_gmt":"2026-02-23T07:01:54","slug":"amillex-daily-market-commentary-tariff-war-escalates-again-gold-surges-on-safe-haven-demand","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/pt\/2026\/02\/23\/amillex-daily-market-commentary-tariff-war-escalates-again-gold-surges-on-safe-haven-demand\/","title":{"rendered":"Coment\u00e1rio di\u00e1rio do mercado Amillex | Guerra tarif\u00e1ria se intensifica novamente, ouro dispara devido \u00e0 demanda por ativos de ref\u00fagio\u00a0"},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-1 wp-block-paragraph\" style=\"font-size:18px\">23 de fevereiro de 2026 \u2013 Os mercados financeiros globais registraram volatilidade renovada durante a sess\u00e3o de negocia\u00e7\u00e3o asi\u00e1tica. Ap\u00f3s a escalada das pol\u00edticas comerciais do governo no fim de semana, o capital em busca de seguran\u00e7a retornou rapidamente ao mercado de metais. O ouro \u00e0 vista disparou no in\u00edcio do preg\u00e3o asi\u00e1tico, oscilando em torno de US$ 5.140. No cen\u00e1rio macroecon\u00f4mico, o enfraquecimento dos fundamentos econ\u00f4micos dos EUA forneceu uma justificativa s\u00f3lida para a alta do ouro. O crescimento do PIB dos EUA no quarto trimestre foi de apenas 1,41 trilh\u00e3o de d\u00f3lares, bem abaixo das expectativas do mercado, confirmando uma forte desacelera\u00e7\u00e3o do ritmo econ\u00f4mico em um ambiente de altas taxas de juros. Embora o \u00cdndice do D\u00f3lar Americano tenha registrado seu maior ganho semanal em quase quatro meses na semana passada (atingindo 97,80), em um contexto de altas tarifas e crescimento fraco \u2013 uma perspectiva semelhante \u00e0 estagfla\u00e7\u00e3o \u2013 o apelo do d\u00f3lar como porto seguro ficou atr\u00e1s do ouro f\u00edsico.&nbsp;<\/p>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-text-align-center has-black-color has-text-color has-link-color wp-elements-2 wp-block-paragraph\" style=\"font-size:18px\"><strong>An\u00e1lise de desempenho e fundamentos de ativos<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-3 wp-block-paragraph\" style=\"font-size:18px\"><strong>1. Mercados de a\u00e7\u00f5es dos EUA<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-4 wp-block-paragraph\" style=\"font-size:18px\"><strong>Desempenho do \u00edndice<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-5\" style=\"font-size:18px\"><strong>\u00cdndice Dow Jones Industrial (DJI): 49.625,97<\/strong>, acima\u00a0<strong>0,47%<\/strong>\u00a0No dia, o Dow Jones, impulsionado por setores defensivos de grande peso, superou o mercado em geral, refletindo uma mudan\u00e7a em dire\u00e7\u00e3o a a\u00e7\u00f5es de valor com fluxos de caixa est\u00e1veis em meio \u00e0 incerteza macroecon\u00f4mica.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-6\" style=\"font-size:18px\"><strong>S&amp;P 500 (SP500): 6.879,32<\/strong>, abaixo\u00a0<strong>0,48%<\/strong>. O \u00edndice enfrentou resist\u00eancia abaixo do n\u00edvel de 6.900, evidenciando a cautela dos investidores em rela\u00e7\u00e3o \u00e0 expans\u00e3o da avalia\u00e7\u00e3o, particularmente devido \u00e0 fragilidade nos setores de consumo discricion\u00e1rio e tecnologia.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-7\" style=\"font-size:18px\"><strong>Nasdaq 100 (1\u00ba trimestre): 24.884,50<\/strong>, abaixo\u00a0<strong>0,73%<\/strong>. As a\u00e7\u00f5es de crescimento sofreram press\u00e3o de reequil\u00edbrio devido \u00e0 flutua\u00e7\u00e3o das expectativas de taxas de juros reais, o que levou o \u00edndice a uma tend\u00eancia de queda inst\u00e1vel.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-8 wp-block-paragraph\" style=\"font-size:18px\"><strong>Destaque de a\u00e7\u00f5es<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-9\" style=\"font-size:18px\"><strong>Tesla (TSLA): USD 411,82<\/strong>, ligeiramente acima\u00a0<strong>0,03%<\/strong>. Enquanto a maioria das a\u00e7\u00f5es de tecnologia caiu, a Tesla se manteve est\u00e1vel, demonstrando resili\u00eancia sustentada por fundamentos espec\u00edficos da empresa.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-10 wp-block-paragraph\" style=\"font-size:18px\"><strong>2. Mercado de c\u00e2mbio Forex<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-11\" style=\"font-size:18px\"><strong>\u00cdndice do D\u00f3lar Americano (DXY): 97,366<\/strong>, abaixo\u00a0<strong>0,43%<\/strong>. O d\u00f3lar encontrou resist\u00eancia acima do n\u00edvel de 97, \u00e0 medida que os mercados come\u00e7aram a precificar poss\u00edveis mudan\u00e7as na pol\u00edtica do Federal Reserve, com a liquidez gradualmente migrando para moedas n\u00e3o americanas e ativos de ref\u00fagio.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-12\" style=\"font-size:18px\"><strong>USD\/JPY: 154,150<\/strong>, abaixo\u00a0<strong>0,57%<\/strong>. A redu\u00e7\u00e3o do diferencial de taxas de juros e a renovada demanda por ativos de ref\u00fagio, como o iene, fizeram com que o par cambial ficasse abaixo do n\u00edvel chave.\u00a0<strong>155<\/strong>\u00a0n\u00edvel.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-13\" style=\"font-size:18px\"><strong>EUR\/USD: 1,18328<\/strong>, acima\u00a0<strong>0,47%<\/strong>. O euro recuperou parte do terreno perdido devido \u00e0 fraqueza do d\u00f3lar, embora os fundamentos fr\u00e1geis da economia europeia tenham limitado uma maior valoriza\u00e7\u00e3o.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-14 wp-block-paragraph\" style=\"font-size:18px\"><strong>3. Metais Preciosos e Commodities<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-15 wp-block-paragraph\" style=\"font-size:18px\"><strong>Metais Preciosos<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-16\" style=\"font-size:18px\"><strong>Ouro \u00e0 vista (XAUUSD): USD 5.151,26 por on\u00e7a<\/strong>, acima\u00a0<strong>0,84%<\/strong>. O ouro ampliou seus ganhos ap\u00f3s se manter firmemente acima do n\u00edvel de refer\u00eancia.\u00a0<strong>USD 5.000<\/strong>\u00a0n\u00edvel psicol\u00f3gico, uma vez que os pr\u00eamios de risco geopol\u00edtico e as expectativas de infla\u00e7\u00e3o de longo prazo continuaram a ser precificados.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-17\" style=\"font-size:18px\"><strong>Prata \u00e0 vista (XAGUSD): USD 86,6198 por on\u00e7a<\/strong>, surgindo\u00a0<strong>2.35%<\/strong>. A prata apresentou fortes caracter\u00edsticas de alto beta, com o \u00edmpeto de alta superando claramente o do ouro.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-18 wp-block-paragraph\" style=\"font-size:18px\"><strong>Mercadorias<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-19\" style=\"font-size:18px\"><strong>Petr\u00f3leo Bruto (XTIUSD): USD 65,97 por barril<\/strong>, abaixo\u00a0<strong>0,74%<\/strong>. Apesar dos riscos geopol\u00edticos persistentes, as preocupa\u00e7\u00f5es com a desacelera\u00e7\u00e3o do crescimento global dominaram a precifica\u00e7\u00e3o no curto prazo, desencadeando uma corre\u00e7\u00e3o t\u00e9cnica pr\u00f3xima de\u00a0<strong>USD 66<\/strong>\u00a0n\u00edvel.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-20 wp-block-paragraph\" style=\"font-size:18px\"><strong>4. Criptoativos e desenvolvimentos macroecon\u00f4micos<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-21\" style=\"font-size:18px\"><strong>Bitcoin (BTCUSD): USD 67.262<\/strong>, abaixo\u00a0<strong>0,52%<\/strong>. Com a diminui\u00e7\u00e3o do apetite por risco, o Bitcoin caiu abaixo de [valor omitido].\u00a0<strong>USD 70.000<\/strong>, com volatilidade sugerindo uma falta de novos fluxos de capital.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-22\" style=\"font-size:18px\"><strong>Ethereum (ETHUSD): USD 1.944,3<\/strong>, abaixo\u00a0<strong>0,66%<\/strong>. O Bitcoin teve um desempenho inferior, refletindo a diminui\u00e7\u00e3o da atividade on-chain e a redu\u00e7\u00e3o da aloca\u00e7\u00e3o de risco para criptoativos secund\u00e1rios.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-23 wp-block-paragraph\" style=\"font-size:18px\"><strong>5. O foco principal<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-24\" style=\"font-size:18px\">Vendas no varejo da Nova Zel\u00e2ndia no 4\u00ba trimestre (compara\u00e7\u00e3o trimestral)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-25\" style=\"font-size:18px\">Discurso do Governador do Federal Reserve, Christopher Waller\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>","protected":false},"excerpt":{"rendered":"<p>23 February 2026 \u2013 Global financial markets saw renewed volatility during the Asian trading session. Following the government\u2019s hardline escalation of trade policies over the weekend, safe-haven capital flowed rapidly back into the metals market. Spot gold jumped in early Asian trade, hovering around USD 5,140.&nbsp;On the macro front, weakening US economic fundamentals provided solid [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":4047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_front_end_style_editor":"no","ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","_glsr_average":0,"_glsr_ranking":0,"_glsr_reviews":0,"ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[8],"tags":[],"class_list":["post-4050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/posts\/4050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/comments?post=4050"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/posts\/4050\/revisions"}],"predecessor-version":[{"id":4051,"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/posts\/4050\/revisions\/4051"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/media\/4047"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/media?parent=4050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/categories?post=4050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/tags?post=4050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}