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Sallie Krawcheck, the former president of Bank of America’s Global Wealth Management group, has been named to the advisory board of Gold Bullion International (GBI), the company announced today.  Krawcheck was ousted from Bank of America last September in a company management shakeup.  Her appointment to the GBI board is effective immediately.

Although gold has managed modest gains in the past couple days, last week's four-day losing streak was its longest since May. In that time, the yellow metal's price sank to a five-week low.

Meanwhile, the dollar rose to its highest level against the euro since September following reports the economy added jobs for a third straight month. "Investors are selling gold due to a stronger dollar,” says Peter Fertig, the owner of Quantitative Commodity Research Ltd. in Hainburg, Germany.