Geomechanics.io

  • Free Tools
Sign UpLog In

Geomechanics.io

Geomechanics, Streamlined.

© 2026 Geomechanics.io. All rights reserved.

Geomechanics.io

CMRR-ioGEODB-ioHYDROGEO-ioQCDB-ioFree Tools & CalculatorsBlogLatest Industry News

Industries

MiningConstructionTunnelling

Company

Terms of UsePrivacy PolicyLinkedIn
    Projects

    Trump ‘a gold person’: price spike and safe‑haven signals for mine planners

    March 28, 2026|

    Reviewed by Joe Ashwell

    Trump ‘a gold person’: price spike and safe‑haven signals for mine planners

    First reported on MINING.com

    30 Second Briefing

    Gold prices jumped up to 3% to more than US$4,550/oz on Friday, heading for their first weekly gain since the Iran conflict began, after weeks of war-driven volatility and earlier price weakness. During his first Cabinet meeting since the US strike on Iran over three weeks ago, President Donald Trump called himself “a gold person” and backed the metal as “real stuff” that “you can’t imitate”, reinforcing bullion’s safe-haven narrative. A federal arts commission has also approved a 24‑karat commemorative coin design bearing Trump’s face for the US 250th anniversary.

    Technical Brief

    • Trump’s remarks were made at his first Cabinet meeting since the US strike on Iran.
    • The strike on Iran occurred more than three weeks before Thursday’s Cabinet session.
    • Trump joked about a hypothetical gold‑coloured paint making its inventor “the richest man in the world”.
    • A federal arts commission has formally approved the final design of a Trump 24‑karat commemorative coin.
    • The coin is intended for the 250th anniversary of the United States, fixing a specific numismatic demand event.
    • Market reaction to Trump’s comments was amplified via social media clips shared by accounts such as @WSBGold.

    Our Take

    Gold’s intraday move of up to 3% on the day of Trump’s comments lines up with other recent volatility spikes in our database where prices have swung 2–3% on US–Iran headlines, underlining how sensitive bullion remains to perceived shifts in US foreign policy.

    With spot gold recently oscillating between about $4,400/oz and $4,600/oz in related coverage, any high‑profile US political endorsement of physical 24‑karat coins plays into the narrative of gold as a retail-safe-haven asset rather than just a central‑bank reserve tool.

    Geotechnical Software for Modern Teams

    Centralise site data, logs, and lab results with GEODB-io, CMRR-io, and HYDROGEO-io.

    No credit card required.

    • Save and export unlimited calculations
    • Advanced data visualisation
    • Generate professional PDF reports
    • Cloud storage for all your projects

    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

    Related Articles

    Cemex and sensmore’s Rüdersdorf quarry: AI haulage lessons for mine planners
    Mining
    about 9 hours ago

    Cemex and sensmore’s Rüdersdorf quarry: AI haulage lessons for mine planners

    Cemex and Berlin-based startup sensmore are digitising operations at the 770-year-old Rüdersdorf limestone quarry in Germany using AI-based loading and haulage optimisation. On-board edge devices and radar sensors on wheel loaders and haul trucks feed real-time data into sensmore’s optimisation engine, which recommends bucket fill levels, truck–loader pairing and haul speeds. Early results show reduced idle times and more consistent crusher feed, signalling practical pathways to retrofit AI-driven dispatch and loading control into existing European quarry fleets without full autonomy.

    Mining
    about 9 hours ago

    Multotec spirals at Thaba JV: modular gravity circuit lessons for plant designers

    Multotec has supplied a customised suite of high-performance spiral concentrators to the Thaba JV chromite and PGM project in South Africa’s Limpopo province, providing an integrated gravity separation circuit tailored to the ore’s specific mineralogy. The solution is engineered to boost chromite and PGM recovery while tightening product grade control, with spiral configurations selected to allow rapid reconfiguration between different feed conditions and product specs. For plant designers and metallurgists, the key point is the emphasis on modular, flexible spiral layouts to sustain long-term performance as ore characteristics change.

    Mining
    about 9 hours ago

    Antofagasta copper ramp-up to 2030: design and risk notes for mine engineers

    Antofagasta plans to lift copper output by 30% by 2030, Executive Chairman and CEO Iván Arriagada told delegates at the World Mining Congress 2026, positioning the Chilean producer to meet surging critical minerals demand from the energy transition. The growth will come from brownfield expansions across its existing operations rather than new greenfield projects, implying higher stripping ratios, additional concentrator capacity and incremental tailings and water management upgrades. For engineers, the strategy signals sustained demand for large-scale pit optimisation, process debottlenecking and infrastructure life-extension work in northern Chile.

    Related Industries & Products

    Mining

    Geotechnical software solutions for mining operations including CMRR analysis, hydrogeological testing, and data management.

    CMRR-io

    Streamline coal mine roof stability assessments with our cloud-based CMRR software featuring automated calculations, multi-scenario analysis, and collaborative workflows.

    HYDROGEO-io

    Comprehensive hydrogeological testing platform for managing, analysing, and reporting on packer tests, lugeon values, and hydraulic conductivity assessments.

    GEODB-io

    Centralised geotechnical data management solution for storing, accessing, and analysing all your site investigation and material testing data.

    AllGeotechnicalMiningInfrastructureMaterialsHazardsEnvironmentalSoftwarePolicy