Precious Gold traded near its lowest level in more than two months on Wednesday as improvement in U.S. data cut demand on the metal as a safe haven. Data released on Monday signaled U.S. index of leading indicators climbed the most in four months, while yesterday existing home sales for March came better than forecasts. New home sales for March will be available at 14:00 GMT, with expectations in favor of seeing a rise to 450,000 from a prior of 440,000. Growth "had picked up" after "lingering winter weather hampered business activity, the Fed’s Beige Book said. As long as the U.S. economy is showing positive data, gold prices should face more downside pressure as it loses haven demand. However, the escalating tensions in Ukraine prevented further losses in the metal prices. Interim Ukrainian President Oleksandr Turchynov relaunched anti-terrorism operation after politician has been found dead after being "brutally tortured" by pro-Russian separatists. Meanwhile, gold is trading around $1285.00 an ounce after hitting a high of $1286.99 and a low of $1282.03. The shiny metal found support at the current level, noting that a fall below $1,277.69, the lowest level since Feb. 11, hit yesterday may trigger further losses. The U.S. dollar inched down versus a basket of major currencies to hover around 79.95, after hitting a peak of 79.99, according to the dollar index. Crude oil for June’s delivery slipped for a third straight second session to trade around $101.64 a barrel after touching a low of $101.49.

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