The precious metal dropped 2% to start the month but pared back losses and remained steady on Tuesday.

Gold is moving sideways in early Tuesday deals as prices ease after a volatile Monday session. The yellow metal slipped more than 2% to kick off April trading yesterday, but fervent gold bugs stepped in and supported the price, bringing it back near the opening levels.

Early this morning, a troy ounce of bullion was changing hands around the $1,980 mark. A slight upside move has narrated dealmaking over the past week as traders digest global economic shifts, and more recently, OPEC+’s production cut which reignited inflation concerns.

Looking ahead, gold prices are in for a jittery end of week. While European countries and Canada are taking a break on Good Friday, the US will be releasing key monthly reports. Jobs numbers and the unemployment rate for March will rattle not only the gold market but all major asset classes.