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 (-0,76%)
$PHGP (-0,96%)
$EWG2 (-0,6%)
$4GLD (-0,99%)
$965515 (-0,92%)
$SPGP (-0,83%)