Gold rebounds, but Lanci says collateral is the real story

Gold has rebounded above $4,300 an ounce after a tentative US-Iran peace agreement eased concerns over oil-driven inflation and future rate hikes.

But veteran commodities trader a Vincent Lanci says investors may be focusing on the wrong story. In this episode of Top of Mine, he explains why central-bank gold buying, the future of collateral and the shifting balance of global financial power could matter far more than the next move in the gold price.