** Australian gold stocks .AXGD fall as much as 3.1%, hitting their lowest level since mid-May
** Sub-index set for a second consecutive session of losses, if current trends hold
** Gold prices dropped after U.S. President Donald Trump signalled progress on multiple trade agreements and extended tariff reprieve for several countries, dampening demand for the safe-haven metal GOL/
** Gold miners Northern Star Resources NST.AX and Evolution Mining EVN.AX down 5.4% and 1%, respectively
** Sub-index up 37.6% this year, as of last close
(Reporting by Sherin Sunny in Bengaluru)
((Sherin.Sunny@thomsonreuters.com;))
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