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 (-0,52%)
$PHGP (-0,47%)
$EWG2 (-0,4%)
$4GLD (-0,5%)
$965515 (-0,45%)
$SPGP (+0,46%)