Silver gained supported by market expectations of fewer interest rate hikes in the year by the U.S. Federal Reserve, while a bounce in Chinese equities stoked interest in riskier assets. Beijing signalled more supportive measures to stabilise a slowing economy, and emphasised that China is seeking a strong start in the first quarter.
The dollar weakened on heightened expectations the Fed will hold off on raising rates this year due to a slowdown in global growth. A US senior official said that the country plans to grant no new waivers to buyers of Iranian oil as it intensifies efforts to eliminate the Iran's exports of crude, according to report.
