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RTRS: UPDATE 3-Gold recovers as flight to safety balances dollar
 
* European stock markets tumble on investor worries

* Firm dollar caps gains in gold

* Platinum slides again on fears over auto sector demand

(Recasts, updates throughout, changes dateline, pvs SINGAPORE)

By Jan Harvey

LONDON, Oct 6 (Reuters) - Gold recovered on Monday from losses made in Asia overnight, as worries over the outlook for the financial sector after a sharp slide in equity markets boosted interest in gold as a haven from risk.

But gains were limited as the dollar held near a 13-month high against the euro, denting the precious metal's appeal as a currency hedge, and oil prices slipped more than $4 a barrel.

Spot gold was quoted at $839.20/841.20 an ounce at 1000 GMT, up from $834.80 in late New York trade on Friday. Earlier it slipped nearly 1 percent as the dollar firmed.

"The initial sell-off was mainly because of the dollar," said Afshin Nabavi, head of trading at MKS Finance, adding that both the dollar and the financial markets will drive the gold market today.
Source