Mumbai, Dec. 12 -- Asian stocks rallied on Friday after the U.S. Federal Reserve delivered an outlook that was not as hawkish as some had anticipated.

The U.S. dollar held steady in Asian trade and gold hovered near a seven-week peak, while oil prices rose on concerns of Venezuelan supply disruptions.

Chinese shares ended mostly higher, with the benchmark Shanghai Composite rising 0.41 percent to 3,889.35 after Beijing's economic conference pledged to maintain a "proactive" fiscal policy next year that would stimulate both consumption and investment.

Published by HT Digital Content Services with permission from Capital Market....