Gold prices fell by 1.9% to $2,278.10 per ounce on September 23 due to the strengthening US dollar.
The Federal Reserve's hawkish signals reinforced expectations of interest rate hikes, which in turn put pressure on gold prices.
As a result, leading mining companies such as Newmont Mining and Barrick Gold saw their share prices decline by 4.2% and 3.5%, respectively.
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