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 (-0,71 %)
$PHGP (-0,87 %)
$EWG2 (-1,13 %)
$4GLD (-0,92 %)
$965515 (-0,82 %)
$SPGP (-2,95 %)