I am not clear on which hydraulic system is losing power: the front end loader won't lift, or the HST won't drive the tractor? The answers you get here can only be as good as the description you provide. Be detailed and accurate when describing your problems for the best advice.
Is this tractor new to you, or is this a new problem in a machine that you are used to operating?
I am not personally familiar with that model, but generally the tractor hydraulics and the transmission use separate pumps. I believe that loader is connected to the tractor's on-board engine-driven pump that also supplies the three point hitch. The HST will have it's own internal pump.
The two systems share the hydraulic oil. If both are fading as the oil warms up, then I would suspect the wrong oil is in the sump.
If the problem is that the tractor won't push the bucket into the pile, ensure you are in the low gear range, full throttle and don't push all the way down on the HST pedal. It is counter-intuitive, but think of the pedal as controlling an infinitely variable transmission. Pushing it a little bit is akin to selecting a low gear, pushing it all the way is akin to selecting the highest possible gear. You will get more pushing power with slight pedal movement.
Depending on the material you are trying to scoop, wiggling the bucket up and down a bit as you drive forward will help work it into the material.
Tractordata.com shows the lift capacity to be over 1400 lbs. It also shows two bucket sizes were available -- a 50" and a 60". It does not show the actual capacity of each bucket but 1400 lbs is around 11 or 12 cubic feet of damp gravel. Make sure you are not using a light materials bucket to lift heavy material.
It is possible that the relief valve is set too low or the pump is worn out, reducing pressure in the system. The noise you hear could be the relief valve operating. You would need a high-pressure gauge and suitable coupling to check the pressure available. Tractor data shows it should be 1930psi. Because the same system is supplying the 3ph, I would think you would also have reduced lifting capacity on the 3ph if the problem is related to available hydraulic pressure.
It is possible that one or more cylinders are leaking internally. That might also account for the noise you are hearing. However, if a cylinder has an internal leak, you will generally find that cylinder won't hold even an empty bucket, falling rapidly under gravity.