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The price of gold is up this month and was down fractionally Friday at a recent $1,188 per ounce, but is it losing some of its luster?

The SPDR Gold Trust (GLD) is down 1.8% this week, bringing its monthly rise to 3% and the iShares Gold Trust (IAU) has turned in similar performances. The VanEck Vectors Gold Miners ETF (GDX) is down 0.4% on the week after rising 10% in January. In comparison, the United States Oil Fund (USO) is down nearly 3% this month, and the VanEck Vectors Emerging Markets High Yield Bond Fund (HYEM) is up 2% in price.