On Monday, US gold stocks climbed higher at the opening session, with Hecla Mining (HL.US) surging over 7%, Harmony Gold (HMY.US) advancing over 6%, Eldorado Gold (EGO.US) gaining over 4%, while Gold Fields (GFI.US) and Newmont (NEM.US) rose over 3%. On the news front, spot gold jumped 2% intraday, touching $4,090 per ounce and setting a new historical high. Zhao Yaoting, Global Market Strategist for Asia Pacific at Invesco, noted that even though gold has reached historical peaks and has diverged from traditional valuation drivers such as the US dollar and real interest rates, and despite seemingly elevated prices, the upward momentum in gold prices may continue.