By Swetha Gopinath
(Reuters) - Gold rose on Friday as concerns about Deutsche Bank triggered a sharp sell-off in equities which undermined risk appetite, but a higher dollar limited gains.
Spot gold was up 0.48 percent to $1,326.41 an ounce by 1005 GMT. Gold has gained one percent so far this month, partly because of the weaker dollar after the U.S. Federal Reserve chose not to raise interest rates.
U.S. gold futures were up 0.29 percent at $1,329.80 an ounce.
A report that a number of hedge funds had withdrawn excess cash from Deutsche Bank reinforced worries about Germany's biggest lender.
The pan-European STOXX 600 index was down nearly 1 percent, having earlier fallen to its lowest point since early August. [.EU]