In a mixing bowl, add the melted butter, egg, milk, sugar, and vanilla and almond extracts. Mix well. Then add the flour and baking powder; stir.
Spoon the cake batter onto a greased cookie sheet or jelly roll pan. The dough will be thin and thick. Spread smoothly to the edges.
Place the sliced peaches evenly on the dough with the cut side down.
Spoon some of the juice on the peaches.
To make the streusel topping, mix 2/3 cup of flour, sugar, and 6 Tbsp. of butter.
Sprinkle the streusel topping over the cake.
Bake at 350 for about 25 minutes. You’ll know its done when it’s bubbly and slightly browned along the sides. Don’t over bake!
When the cake is slightly cooled, pour a drizzle (powdered sugar mixed with a tiny bit of milk) over the cake and sprinkle with chopped nuts (optional).
Serve with whipped cream or Vanilla ice cream.