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 (-0,87%)
$EWG2 (-1,13%)
$4GLD (-0,92%)
$965515 (-0,82%)
$SPGP (-2,95%)