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PRECIOUS-Palladium breaks $1,500 level on supply woes; weak dollar lifts gold * Gold hits 10-month high; may peak around $1,351- technicals * Minutes of Fed's Jan meeting due at 1900 GMT * Palladium up 19 pct this year, among best performing metals * GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl By Karthika Suresh Namboothiri Feb 20 Palladium prices broke above $1,500 for the first time on Wednesday due to a prolonged supply deficit, while gold rose to a fresh 10-month high as the dollar struggled ahead of the U.S. Federal Reserve's policy meeting minutes. Palladium is crucial in the making of catalytic converters used in exhaust systems of vehicles, and an improvement in demand from the auto sector has supported the metal's surge. "Demand (for palladium) is increasing year by year because of catalyst demand for gasoline engines. Environmental requirements are getting stronger, which means more palladium is needed in (manufacturing) a car,"