Gold at 7-Week Low, Bitcoin Slips and Micron Earnings Loom: What's Going On Today

Markets

The bond market squeeze tightened further overnight and continued to drag on equities, Reuters reports. Elevated Treasury yields remain the dominant force across asset classes.

Gold fell to its lowest level in more than seven weeks, with spot prices near $4,128 an ounce, as surging bond yields weighed on the metal. Bitcoin also slipped, trading near $83,000, down around 1% in the past 24 hours on the same pressures.

Oil prices remain elevated as markets await Qatari-mediated talks between the US and Iran, following reports that President Trump rejected an earlier Iranian peace proposal on Monday.

Tech

Micron reports its fiscal Q4 results tomorrow (Sept 30), and expectations are running high: analysts anticipate strong AI-driven memory demand and potentially major multiyear guidance. Some commentators warn the stock has run ahead of itself, calling it a bubble even while conceding this is the best memory cycle anyone has seen.

Sources

Reuters, CNBC TV18, Yahoo Finance, Benzinga and Futu. All stories were cross-checked across at least two independent outlets before publication.