Wall Street is heading into the close on Wednesday with two things on its mind: the Fed's favorite inflation gauge and Micron Technology. According to Bloomberg, US stocks paused ahead of both, with the inflation data key for interest rates and Micron's report key for the AI trade. Micron reports fiscal fourth-quarter results after the closing bell, and a big move in either direction could ripple into Asian chip stocks when markets open in the morning. The Numbers, Verified Across Sources What Micron guided (SEC filing): For the quarter ending in August, Micron told investors to expect revenue of $50 billion, give or take $1 billion, non-GAAP earnings of $31 per share, give or take $1, and a gross margin of about 86%. What analysts expect (Alphastreet, 33 analysts): Consensus sits at $31.56 per share on $51.20 billion in revenue, slightly above the top half of Micron's own guidance range. Estimates are wide, running from $28.04 to $37.44 per share for earnings and from...
Normally, this shouldn't be happening. The textbook rule in investing says when interest rates go up, gold prices tend to go down higher rates make interest-bearing assets like bonds more attractive, while gold, which pays no interest at all, starts looking less appealing by comparison. So when the U.S. Federal Reserve raised interest rates on September 16, 2026 its first hike in three years you'd expect gold to take a hit. Instead, gold has now rallied for two straight sessions, and silver is outperforming it by an even wider margin. Here's what's actually going on, and why it matters whether you're watching from Mumbai, New York, or anywhere in between. The Numbers Right Now Metric Gold Silver Current Price (Sept 20, 2026) $4,377 / oz $66-67 / oz Change Today +$36 +$1-2 1-Year Change +18.96% +53.75% All-Time High (Jan 2026) $5,589 / oz $121.67 / oz ...