With Election Day drawing closer, investors are reminded that financial markets are likely to react regardless of the next president.

As investors well know, healthcare stocks could be pinched immediately if Democratic nominee Hillary Clinton wins.

Likewise, an array of asset classes are seen as vulnerable should Republican nominee Donald Trump pull the upset.

The only asset class market participants can almost universally agree will move higher if Trump wins is gold, but the SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEArca: IAU) and ETFS Physical Swiss Gold Shares (NYSEArca: SGOL) and other gold-related exchange traded products could also get a bump from a Clinton victory.

Investors have flocked to U.S. Treasuries and bond-related exchange traded funds in a world of negative-yielding sovereign debt. However, with U.S. Treasury yields hovering around three-decade lows, government debt looks pricey and fixed-income investors are now exposed to greater risks.

Interestingly, safe-haven Treasuries are also seen as vulnerable to a Trump victory, along with stocks, leaving gold as potentially the last asset class that could immediately benefit from a Trump win.

SEE MORE: Record Investment Demand for Gold ETFs

Showing Page 1 of 2