New Delhi, July 28 -- Gold prices are entering a crucial phase after a subdued week of trading, however, the pause is likely to be a temporary breather within the broader downtrend as rising US real and bond yields, along with a strengthening US dollar, continue to weigh on bullion, says World Gold Council.

As per the report, the yellow metal has witnessed a relatively quiet week with the market extending its consolidation above the USD 3,943/oz June low.

At the same time, the US real yields have seen a further sharp move higher with the 10-year US TIPs yield threatening to exceed its 2025 high at 2.44 per cent as markets have brought forward expectations for the next Fed hike.

"A sustained break above that level would signal that the ...