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 (-0,82%)
$EWG2 (-2,07%)
$4GLD (-0,77%)
$965515 (-1,23%)
$SPGP (-5,42%)