Commodities Gold to stage modest recovery from 19-month lows: poll Updated : October 30, 2018 06:28 AM IST Spot gold will average $1,273 an ounce in 2018 and $1,300 in 2019, according to the poll of 39 analysts and traders conducted this month. Economic and political risks are looming larger, which should benefit gold, said ETF Securities analyst Nitesh Shah. Appetite for gold from exchange-traded funds backed by the metal is recovering after their holdings dropped almost 10 percent, or 5.4 million ounces, between mid-May and early October. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.