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 (-2,39 %)
$PHGP (-2,14 %)
$EWG2 (-0,53 %)
$4GLD (-2,2 %)
$965515 (-1,46 %)
$SPGP (-8,43 %)