Gold was unchanged at $1,335.30 an ounce on Wednesday as the Ukraine crisis cooled and investors awaited U.S. data on the strength and progress of the economy, according to Reuters.

“If you have a stabilization in Ukraine and U.S. data start showing consistent signs of improvement, I think we could quickly go back below $1,300,” ABN Amro analyst Georgette Boele told Reuters.

U.S. gold futures for April delivery fell $2.40 an ounce to $1,335.50 an ounce, according to Reuters.