Palladium hit a new record high overnight as the threat of strikes in the South African mining industry raised fresh concerns about a supply deficit for the metal, while gold held steady as the US dollar slipped on signs of a US-China trade deal.

Palladium hit a new record high overnight as the threat of strikes in the South African mining industry raised fresh concerns about a supply deficit for the metal, while gold held steady as the US dollar slipped on signs of a US-China trade deal.