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Spot Gold Declines 0.5% in Early Asian Trade; Futures Advance

May 29 (Bloomberg) -- Gold for immediate delivery declined 0.5 percent to $1,573.90 an ounce at 8:13 a.m. in Melbourne, while August-delivery bullion advanced 0.3 percent to $1,575.50. Silver for July delivery was little changed at $28.385 an ounce.

To contact the reporter on this story: Phoebe Sedgman in Melbourne at psedgman2@bloomberg.net

To contact the editor responsible for this story: Soraya Permatasari at soraya@bloomberg.net

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