** Shares of Australian gold miners .AXGD fell as much as 2.7%, hitting lowest level since May 21
** Prices of the yellow metal dropped on Tuesday as the announcement of a ceasefire between Iran and Israel dented safe-haven demand for bullion
** Evolution Mining EVN.AX down 1.3%, while Northern Star Resources NST.AX shed 3.2% to become the top loser on the benchmark
** AXGD up over 40% this year, including the day's move
(Reporting by Rajasik Mukherjee in Bengaluru)
((Rajasik.Mukherjee@thomsonreuters.com))
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