The Australian share market reached a new all-time high on Monday, with the S&P/ASX 200 index hitting 8,271.9 during early trading.

The ASX index closed with a 0.10% increase, marking a significant milestone.

The benchmark index rose by 0.70%, reflecting strong performance across various sectors.

Nine out of the ASX's 11 sectors showed gains in early trading, with the energy sector leading at a 2.0% increase.

Overall, rising stocks outnumbered declining ones on the Sydney Stock Exchange, with 578 stocks advancing compared to 547 that declined.

Fletcher Building Ltd emerged as the best performer, increasing 6.00% to close at 2.65.

Mineral Resources Ltd also stood out, rising 13.84% to close at 49.10.

The energy sector's rise is partly attributed to geopolitical tensions in the Middle East.

The Australian dollar was trading at 69.07 US cents, showing stability against the US dollar.

Meanwhile, the US Dollar Index Futures experienced a slight decline of 0.01% to 100.10.

Crude oil prices increased, with November contracts up 1.16% to $68.97 per barrel.

However, gold miners faced challenges, with several companies reporting losses as gold prices approached record highs.