Gold Price Forecast: XAU/USD extends gains around $1,920 on correction in US Dollar

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• Gold price trades higher due to retreating in US Dollar (USD) from a winning streak.
• The decline in US Treasury yields has contributed to the correction in the Greenback.
• China-linked fears could suppress the demand for precious metal.

Gold price extends its gains on the second successive day, trading higher around $1,920 a troy ounce during the Asian session on Friday. The price of the yellow metal is experiencing minor support due to the correction in the US Dollar (USD) after a three-day winning streak, which could be attributed to the correction in US Treasury yields. The yields on 10-year US Treasury bonds declined to 4.22%, down by 1.36% in two days.