Sensitive and accurate rotation sensing is a critical requirement for applications such as inertial navigation [1], north-finding [2], geophysical analysis [3], and tests of general relativity [4]. One effective technique used for rotation sensing is Sagnac interferometry, in which a wave is split, traverses two paths that enclose an area, and then recombined. The resulting interference signal depends on the rotation rate of the system and the area enclosed by the paths [5]. Optical Sagnac interferometers are an important component in present-day navigation systems [6], but suffer from limited sensitivity and stability. Interferometers using matter waves are intrinsically more sensitive and have demonstrated superior gyroscope performance [7-9], but the benefits have not been large enough to offset the substantial increase in apparatus size and complexity that atomic systems require. It has long been hoped that these problems might be overcome using atoms confined in a guiding potential or trap, as opposed to atoms falling in free space [10-12]. This allows the atoms to be supported against gravity, so a long measurement time can be achieved without requiring a large drop distance. The guiding potential can also be used to control the trajectory of the atoms, causing them to move in a circular loop that provides the optimum enclosed area for a given linear size [13]. Here we use such an approach to demonstrate a rotation measurement with Earth-rate sensitivity.