Preheat oven to 350 degrees.
Grease two 8 1/2 x 4 1/2 loaf pans and set aside.
In a large mixing bowl add flour, baking powder, salt and sugar. Mix until combined.
In another bowl, combine Milk, eggs, oil, vanilla and almond extracts.
Add to dry ingredients and mix just until combined.
Pour half of batter into each prepared loaf pan.
Bake for 1 hour or until a toothpick inserted comes out clean.
Meanwhile, prepare glaze.
Add sugar, orange juice, vanilla and almond extracts to a small sauce pan and bring to a boil, stirring often. When sugar is dissolved, remove from heat and set aside.
Remove bread from pans and set on a wire rack placed in a baking sheet. Pour glaze over warm bread and allow to cool completely.
Cover in plastic wrap or store in an airtight container.