This cake is full of swirls of delicious flavor.
Preheat the oven to 350 degrees F
Grease (2) 8" round cake pans or (1) 11x17 baking dish and line the bottoms with wax paper or dust lightly with flour.
Sift together in a large mixing bowl the flour, baking powder, baking soda, salt and sugar.
Add the butter and the peach jam, orange juice and vanilla and beat a low speed for 1 minute.
Add the buttermilk and eggs and beat for and additional 2 minutes on low speed.
Pour the cake batter into the prepared pans.
Dollop the strawberry jelly onto the top in spoonful spacing it out and using a butter knife swirl it around. Dollop the smaller amount of peach jam in a couple spots on the cake top and swirl.
Bake for 35 to 40 minutes, or until the cake springs back when lightly touched.
Let cool for at least 1/2 hour before serving.