The Brazilian team were forced to settle for the third place match, where they defeated Italy by 2-1.
United States defeated Italy, and then Russia in the final to claim their 16th title.
They defeated Australia and Italy but lost their other five games in the preliminary round.
Russia won the inaugural edition, defeating Italy in the final, 5-4.
It added a second gold medal on Saturday when its men's basketball team defeated Italy in the final, 84-69.
Ireland defeated Italy by 10 points in the one-off match.
Added to the negative record, the Germans have never been able to defeat Italy in a major tournament.
France defeated Italy by 49 points to reach the final.
They defeated Romania and Italy in the preliminary round to advance to the semifinals.
Yugoslavia defeated Italy in the final to win its first title.