There was positive news for ETF investors this week as well, as a report revealed that the surge in gold prices on Wednesday corresponded with a significant inflow of $305 million into the SPDR Gold Shares ETF (GLD) on Wednesday. This inflow into GLD also supports the idea that traders and investors are vexed by rapidly climbing and potentially problematic inflation, and are looking for protection. The move higher in gold and silver coincided with the Biden administration promulgating an additional $200 million in defensive military support to Ukraine, referencing worries of a Russian invasion.