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 (-1,75%)
$PHGP (-1,82%)
$EWG2 (-1,67%)
$4GLD (-1,84%)
$965515 (-1,79%)
$SPGP (-3,31%)