Gold Nears $4,450, Silver $65 on Record Central Bank Buying

Gold and silver extended their breakout into Tuesday's close, with the GLD ETF holding near $400.96 after touching an intraday high of $402.54 on Monday, up 7.2% from the $374.16 close on August 4. Silver outpaced gold on the way up, with SLV settling at $58.55 after a Monday spike to $59.72, an 11.6% gain from its $52.46 low on August 3. Gold futures (GC=F) sit near $4,446 an ounce and silver futures (SI=F) near $65.28, both little changed on the day as traders position ahead of Wednesday's July CPI print. Key Takeaways GLD is up 7.2% since August 4, and SLV has outrun it with an 11.6% rally, both cooling slightly into Tuesday's close. Central banks bought a net 288.9 tonnes of gold in Q2 2…