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 (+1,38%)
$EWG2 (+2,92%)
$4GLD (+1,36%)
$965515 (+0,7%)
$SPGP (+1,7%)