Confirm it is not caused by low fluid level of the PS pump. Assuming not, it sounds like you've got a bearing somewhere that only acts up when tension/torque is applied by the belt turning against it.
You may need to use your mech stethoscope (18" screwdriver or wood dowel) and carefully touch it down on each accessory in order to listen to their bearings while engine is running.
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Terry Allison
N. Calif. & Boca Chica, Panama
09' E320 Bluetec 77k (USA)
09' Hyundai Santa Fe Diesel 48k (S.A.)
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