GOLD PRICE vs ETF flows

Since the onset of the Ukraine war, we have seen a significant decoupling between gold prices and ETF Gold flows. However, it look like a new trend is emerging - ETF flows are now turning positive again.

More bullish move ahead? 

source : zerohedge

$IGLN (-1,38 %)
$PHGP (-1,21 %)
$EWG2 (-1,76 %)
$4GLD (-1,11 %)
$965515 (-1,16 %)
$SPGP (-4,76 %)